BERLIN (Reuters) -U.S. carmaker Ford has agreed with German union IG Metall to protect the jobs of all employees at its site in Cologne through 2032, with voluntary redundancies allowing the company to achieve its restructuring aims, its works council said on Friday.
“The job cuts are primarily based on voluntary redundancies. The severance payments are generous and significantly better than usual in the automotive industry,” works council head Benjamin Gruschka said in a statement shared by Ford.
A separate statement from IG Metall said the future of Cologne production remained unclear but welcomed the ‘safety net’, adding that employees would be informed about the agreement in meetings over the course of Friday.
(Reporting by Rachel More, editing by Thomas Seythal)
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