Post Tagged with: "bochum germany"

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German IG Metall OK for 4.3 pct wage deal, vow to take on Opel

German IG Metall OK for 4.3 pct wage deal, vow to take on Opel

Germany’s largest industrial union IG Metall reached a deal for a 4.3-percent pay increase with employers, after an all-night negotiating session ended early on Saturday, officials said at a news conference. The collective bargaining agreement between IG Metall union and employers in southern Baden-Wuerttemberg state — home to carmakers Daimler […]

Opel to invest 14bln euros until 2014

Opel to invest 14bln euros until 2014

Even if Opel is preparing to announce big losses for the fourth quarter of 2011, the German automaker plans to invest 14bln euros until 2014 in an unprecedented model offensive. “Among the numerous new models are the just announced Mokka SUV and the future small car that will be taken […]

Impact: GM to close Opel Factory in Germany?

Impact: GM to close Opel Factory in Germany?

General Motors Co. is preparing to disclose “horrendous” fourth quarter losses out of its European Opel/Vauxhall unit. Steep losses may now result in factory closures and layoffs, including the Opel factory in Bochum, Germany, according to media reports. “There is increasing frustration with Opel and a feeling that the cuts […]