Opel wage concessions to fund new models -source

FRANKFURT, May 21 (BestGrowthStock) – Opel will finance the
development of new products using wage concessions from its
European workforce worth 265 million euros ($329 million)
annually, a source familiar with the matter said on Friday.

According to a deal worked out between labour leaders and
management due to be signed next week, the savings would be
administered by a trustee who would guarantee the proper use of
the funds.

Stock Market

(Reporting by Angelika Gruber)

Opel wage concessions to fund new models -source