Opel Reaches Severance Deal With Bochum Staff
Opel, the European arm of General Motors, has said its reached a severance deal with workers at its Bochum factory in Germany, a crucial step in the automaker’s restructuring. Opel management has been negotiating with labor union IG Metall about the terms of a severance deal after it decided to close the Bochum factory in April last year, as part of a drive to bring down costs in Europe. The closure of Bochum is set to cost at least 550 million euros ($754 million), two sources familiar with the matter told Reuters in May.
“Opel Reaches Severance Deal With Bochum Staff” is categorized as “world”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.