You are here: Home » Reuters » News
Business Standard

Opel's new boss to seek concessions from unions in pay talks

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Opel's new chief executive has demanded concessions from labour unions to make the loss-making German carmaker more competitive, ahead of what he said would be a decisive round of pay talks with labour leaders."After making losses for almost 20 years in a row, the status quo is clearly no longer an option," CEO Michael Lohscheller told staff magazine Opel Post in an interview on Thursday. "To improve our situation significantly, we need to improve labour cost, global efficiency and to increase performance."The carmaker's works council last month demanded constructive ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, April 12 2018. 22:08 IST
RECOMMENDED FOR YOU