FRANKFURT, May 21 (Reuters) - Opel will finance the development of new products using wage concessions from its European workforce worth 265 million euros ($329 million) annually, a source familiar with the matter said on Friday.
According to a deal worked out between labour leaders and management due to be signed next week, the savings would be administered by a trustee who would guarantee the proper use of the funds.
(Reporting by Angelika Gruber)