2023 Author: Eric Donovan | [email protected]. Last modified: 2023-05-21 15:44
Carlos Tavares has high demands on Opel after the planned takeover. Only profit could prevent job cuts at the car manufacturer from Rüsselsheim after 2018.
After a takeover by PSA Peugeot Citroen, the car manufacturer Opel has to quickly move into profitability. PSA boss Carlos Tavares confirmed in an interview with the “Frankfurter Allgemeine Zeitung” his requirement that Opel must make a profit by 2020 at the latest.
Opel management should submit the plan for this within 100 days of the takeover and then implement it. According to "FAZ", this could be implemented on September 12, the start of the IAA auto show in Frankfurt.
Tavares relies on the existing team
When restarting, he will rely on the existing team, said Tavares. «All managers are invited to join me on the path. You just have to know that things cannot stay the same as before."
The PSA boss only commented indirectly on the expected departure of Opel boss Karl-Thomas Neumann. Everyone has to make their personal decision, he said according to the newspaper.
No employment guarantees after 2018
Opel should stay as German as possible in order to complement the other brands, said Tavares. He sees potential savings particularly in purchasing, sales and export.
However, he rejected employment guarantees for the around 38,000 Opel employees beyond the collective bargaining agreements that ran until 2018. "You have to be open and honest: the only thing that protects employees is profit." (dpa)