S.Korean workers seek assurances over Opel shift to Europe

From Reuters - November 12, 2017

SEOUL, Nov 13 (Reuters) - Opels plan to shift car production from South Korea to Europefueled concerns among workers about a sharp fall in output at General Motors South Korean unit, which is already grappling with slumping sales.

Sources in GMs South Korean union said they were seeking assurances about future production volumes, after Opel boss Michael Lohscheller said in a briefing on Thursday that GMs former European arm planned to move volumes from Korea to Europe.

By 2020, we will import nearly 200,000 vehicles less per year, Lohscheller said.

GM this year agreed to sell its Opel and Vauxhall brands in Europe to PSA Group, dealing a severe blow to output at GM Korea, which has exported Opel-badged models like Karl and Mokka to Europe.

GM Koreas four manufacturing factories exported 134,137 vehicles to Europe last year, accounting for about 20 percent of its total production.

We have no choice but to die, a union official told Reuters, declining to be named because of the sensitivity of the matter.


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