Opel to cut up to 4,100 jobs with German plants targeted

PSA Group’s German car-making division Opel will cut up to 4,100 jobs, joining rivals around the globe in retrenching amid a sales slowdown and technological disruption.

The cuts will be focused at German factories in Ruesselsheim, Eisenach and Kaiserslautern, where Opel will reopen a voluntary leave program for employees to eliminate 2,100 positions by 2025, the company said in a statement Tuesday.

Additionally, the carmaker agreed with labor representatives to have the option to cut another 2,000 positions in two tranches through 2029, a spokesman said.

“This agreement creates a further considerable improvement of our competitiveness,” Opel CEO Michael Lohscheller said in the statement.