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GM Predicts Opel Labor Deal This Week
General Motors Co.'s Opel unit expects to reach a restructuring agreement with its German unions within the next few days, Reuters reports.
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General Motors Co.'s Opel unit expects to reach a restructuring agreement with its German unions within the next few days, Reuters reports.
Opel Chairman Steve Girsky tells the news service that both parties have agreed to complete a deal by the end of February. The Russelsheim, Germany-based unit has been in talks with its unions for about a year seeking concessions to help it break even by 2015.
Girsky, who also is GM vice chairman, warned workers in January that if Opel and its unions can't reach a deal this month, the company could shutter its assembly plant in Bochum, Germany, at the end of 2014 two years ahead of schedule.
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