Mexican Media Brands
Opel, Union Reach Accord on Bochum Plant Closure
Adam Opel AG says it has reached "binding and reliable" agreements with labor union IG Metall about severance payments to workers at its factory in Bochum, Germany.
#labor
Share
Adam Opel AG says it has reached "binding and reliable" agreements with labor union IG Metall about severance payments to workers at its factory in Bochum, Germany.
The General Motors Co. unit announced two years ago that it planned to shut down the plant by 2016 when the current-model Zafira minivan made there is replaced. Opel has been negotiating terms with the union since then.
GM has not revealed what the deal will cost. But last month Reuters cited unidentified sources who put the price at €550 million or more. That amount does not include the cost of site cleanup and shifting Zafira production to Opel's plant in Russelsheim.
RELATED CONTENT
-
Japanese Models Top “Most-American” List
The five most “American” models sold in the U.S. in terms of local content and labor all carry Japanese brands, says Cars.com.
-
UAW Launches Strike Against GM
As expected, some 48,000 of the United Auto Workers Union members began a strike at midnight Sunday against General Motors Co. facilities in the U.S.
-
GM Offers Buyouts to 18,000 Salaried Workers
General Motors Co. is launching a new round of buyouts for about 18,000 of its 50,000 white-collar employees in North America.