Mexican Media Brands
Cost to Shutter Opel Plant: €1 Billion
General Motors Co.'s Adam Opel unit is likely to spend about €1 billion ($1.3 billion) to close its assembly plant in Bochum, Germany, according to the WAZ newspaper group.
Share
General Motors Co.'s Adam Opel unit is likely to spend about €1 billion ($1.3 billion) to close its assembly plant in Bochum, Germany, according to the WAZ newspaper group.
Labor leader Rainer Einenkel tells WAZ that roughly half the money will go to buyouts and severance payments to the company's 3,300 workers in Bochum and half to general closing and restructuring expenses. Einenkel, a member of Opel's supervisory board, was briefed by management on Saturday.
Opel's unions are still negotiating terms of the closing with the company. About 2,000 hourly workers reportedly walked out on Opel CEO Karl-Friedrich Stracke in protest when he came to the factory to tell them about the shutdown.
RELATED CONTENT
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
