Don’t miss the latest developments in business and finance.

Peugeot subsidiary Opel announces 2,100 job cuts in Germany

Image
AFP Frankfurt Am Main
Last Updated : Jan 14 2020 | 5:45 PM IST

Peugeot subsidiary Opel said Tuesday it would offer 2,100 more German workers voluntary redundancies, as it struggles to stay afloat faced with collapsing demand and an EU emissions squeeze.

The historic German carmaker, which Peugeot bought from US-based General Motors in 2017, has already slashed almost 7,000 jobs since the takeover, as tumbling sales have left its main factory largely idle.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Jan 14 2020 | 5:45 PM IST

Next Story