Opel Reaches Severance Deal With Bochum Staff

Newswire

FRANKFURT, June 16 (Reuters) - Opel, the European arm of General Motors, has reached a severance deal with workers at its Bochum factory in Germany, it said on Monday, a crucial step in the automaker's restructuring. Opel management has been negotiating with labour 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. Opel has reached "binding and reliable" ...

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