Mexican Media Brands
Opel Approves €550 Million Plan to Close Bochum Plant
General Motors Co. will spend at least €550 million on severance pay and early retirement packages for workers at the Opel assembly plant it is closing in Bochum, Germany, Reuters reports.
Share
General Motors Co. will spend at least €550 million on severance pay and early retirement packages for workers at the Opel assembly plant it is closing in Bochum, Germany, Reuters reports.
Unnamed sources tell the news service there will be unspecified additional costs to clean up the site and move the factory's Zafira minivan tooling to Opel's plant in Russelsheim.
Friday's Frankfurter Allgemeine Zeitung says Opel's senior management has approved the €550 million restructuring plan. Reuters notes that GM acknowledged last autumn it would incur "significant" costs to close the factory as part of its plan to make Opel operations profitable.
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.
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
-
Ford Copies Nature
As Nature (yes, capital N Nature) has done a pretty good job of designing things, it is somewhat surprising that Man (ditto) doesn’t follow Nature’s lead more often when it comes to designing objects.
