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
-
Young Auto Engineers Say Their Employers Don’t Measure Up
Only one-third of U.S. automotive engineers below the age of 36 agree that their work experience matches the way their employers’ portray themselves publicly, according to new research.
-
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.