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PSA Group has pledged to respect existing Opel and Vauxhall job guarantees if it buys the European arm of General Motors, though some analysts say thousands of jobs are eventually likely to go for the deal to work.
As part of a broader charm offensive, PSA Chief Executive Carlos Tavares met with representatives of powerful German labour union IG Metall and Opel's European works council on Monday to discuss the impact of any deal on existing sites."PSA Group reaffirmed its commitment to respect the existing agreements in the European countries and to continue the dialogue with all parties,"Peugeot maker PSA said in a statement on Tuesday. General Motors (GM) has pledged not to impose forced redundancies on some of its German workforce until the of end 2018, IG Metall said, while some existing agreements about building certain models at Opel stretch beyond 2020. (reuters)
