chief of staff Ralph cheek husband informed the staff on Friday in an internal message about the speedy negotiations with the works Council to be included on a “basic modernization” of the system. The 100 per cent company-sponsored occupational pension scheme, which “is settled for many decades, well above the market standard” was “a significant cost factor”. I Hear that the average rate of return is in spite of the General interest rate low at five percent. An Opel spokesman justified the move, among other things, with the massive collapse of the world economy in the Corona-crisis. “In addition, the automotive industry is faced with the challenge of a far-reaching structural change, which requires the continuous optimization of cost structures,” said the spokesman. To ensure a sustainable pension for Opel workers, had to be adapted to the existing System of occupational retirement provision. “Already acquired pension capital, of course, remains protected,” stressed the spokesman.
To the total volume of occupational pension schemes and to the amount of the savings targets was the French PSA group, manufacturer, headquartered in the Hessian town of Rüsselsheim is no information.
dpa
