Opel labor bosses say authorization of sale depends on strategies for future

Opel‘s European works council and labor union IG Metall are going to make their approval of an offer by General Motors to sell the automaker to France’s PSA Group based on information of their plans for Opel’s future, they stated in joint statement on Monday.

“IG Metall Mitte, Group Works Council and Works Council Bochum … highly demand that the parties signing the agreement now step into an arranged negotiation procedure with all involved parties in order to protect the Opel/Vauxhall brands, the company and to prevent any additional damage, hence steering Opel into a successful future,” the works council and IG Metall stated.

“A key active ingredient to this can be the rapid utilization of economies of scale to increase the success of vehicles through the mutual utilization of platforms,” they included.

PSA Group previously stated it had accepted to purchase Opel from General Motors in an offer valuing business at 2.2 billion euros ($2.3 billion), producing a new local automobile giant to challenge Volkswagen.