PSA’s Opel and Spanish unions have reached an agreement on worker conditions at the former GM-owned Corsa plant at Figueruelas, Aragon, near Zaragoza.
The automaker had threatened to cut investment at the factory employing 5,300 people, Reuters reported.
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Union sources told the news agency late on Monday a deal was agreed after more than 12 hours of negotiations and shortly before a deadline set by Peugeot.
Reuters said no details were immediately available on the agreement though the local newspaper Heraldo reported it included a five-year pact, salary freezes for this year and raises.
The Opel factory, opened in 1982 to build the first generation predecessor to the current Corsa line, was running at 80% capacity in 2017 when it made 382,250 vehicles, according to Reuters.
PSA also has a factory in Vigo, on the northwestern coast of Spain, and a smaller one at Villaverde outside Madrid where production is running at well below capacity, the report noted, adding that Opel and PSA employ around 13,000 people in Spain.
