Opel management, labour say they're close to a deal

Newswire

FRANKFURT, May 19 (Reuters) - Management and labour at General Motors [GM.UL] unit Opel are close to reaching a deal that would cut wage costs at the troubled European carmaker, both sides said in a joint statement on Wednesday. "In the coming days, management and labour leaders will work towards a final agreement," they said following a meeting of its top European worker representatives at Opel's headquarters in Ruesselsheim, Germany. Opel is hoping to extract 265 million euros ($329 ...

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