{"id":1085,"date":"2020-04-10T11:47:34","date_gmt":"2020-04-10T11:47:34","guid":{"rendered":"http:\/\/demo6.aiwalls.com\/ipapps\/?p=1085"},"modified":"2020-04-10T11:47:34","modified_gmt":"2020-04-10T11:47:34","slug":"opel-slashes-hours-amid-german-carmaker-gloom","status":"publish","type":"post","link":"https:\/\/www.txd9.com\/?p=1085","title":{"rendered":"Opel slashes hours amid German carmaker gloom"},"content":{"rendered":"<p>            <img decoding=\"async\" src=\"http:\/\/pic1.tadke.com\/imgs\/tech2lims\/0409\/zhoj2pof342.jpg\" alt=\"Opel reduced hours for six months from October at its historic home base in Ruesselsheim, near Frankfurt\"><figcaption class=\"text-darken text-low-up text-truncate-js mt-3\">\n                Opel reduced hours for six months from October at its historic home base in Ruesselsheim, near Frankfurt<br \/>\n            <\/figcaption><p>German carmaker Opel said Tuesday it would slash hours for workers at its main factory, highlighting a car industry hit by falling demand and a challenging technological transformation.<\/p>\n<p>        <!-- \/4988204\/TechX_Story_InText_Box --><\/p>\n<p>Peugeot subsidiary Opel &#8220;has registered reduced hours for six months from October&#8221; at its historic home base in Ruesselsheim, near Frankfurt, a spokesman told AFP.<\/p>\n<p>Bosses and worker representatives have agreed to cut hours for the majority of the 2,600 workers at the plant, business daily Handelsblatt reported citing &#8220;company sources&#8221;.<\/p>\n<p>Known in German as Kurzarbeit, officially-registered shorter hours mean the government steps in to cover some or all of the shortfall in workers&#8217; income if their employer reduces working time during tough periods.<\/p>\n<p>The measure is aimed at preventing jobs falling away altogether.<\/p>\n<p>Opel builds its flagship Insignia model in Ruesselsheim, but the car has suffered falling sales over the past year.<\/p>\n<p>Meanwhile the plant has stopped building the Zafira family van, meaning workers cannot be redeployed from one line to another.<\/p>\n<p>New work won&#8217;t arrive until 2021, when the latest version of the compact Astra enters production.<\/p>\n<p>Opel is in the midst of a restructuring, deciding in June to cut 600 assembly line jobs in Ruesselsheim in the coming years, while 700 engineers from its research and development unit have moved to French firm Segula.<\/p>\n<p>It also faces potential challenges from a no-deal Brexit through its British arm Vauxhall.<\/p>\n<p>Tough times for the carmaker come amid a broader malaise for the car industry, which is battling shrinking global sales, ever-tougher emissions limits pushing it into new technologies like electric mobility and the challenge of digitising its products.<\/p>\n<p>German car production fell back by 11 percent year-on-year between January and August, data from auto association VDA showed.<\/p>\n<p>Lower revenues mean less cash is available for the costly investments needed to develop battery-powered cars and autonomous driving, pushing even rivals like VW and Ford or BMW and Mercedes-Benz maker Daimler into new forms of collaboration.<\/p>\n<hr>\n","protected":false},"excerpt":{"rendered":"<p>Opel reduced hours for six months from October at its historic home base in Ruesselsheim, near Frankfurt German carmaker Opel said Tuesday it would slash<\/p>\n","protected":false},"author":1,"featured_media":1086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[773,771,770,772,686],"class_list":["post-1085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insider","tag-carmaker","tag-german","tag-hours","tag-opel","tag-slashes"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/posts\/1085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1085"}],"version-history":[{"count":0,"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/posts\/1085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/media\/1086"}],"wp:attachment":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}