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.

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.