GM’s Opel Offers Buyouts to Bochum Transmission Workers
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General Motor Co.’s Opel unit is offering severance packages to the 300 employees producing transmissions at its Bochum, Germany, plant who volunteer to leave this year as the carmaker prepares to shut the factory.
The program includes the opportunity for workers to join a transfer company for 12 months that helps them prepare for a new job, Opel and the IG Metall union said today in separate statements. Employees can also opt to shift to the vehicle-assembly line at Bochum or transfer to another Opel plant.