6302
Opel Employees Face Uncertain Future
World Economy

Opel Employees Face Uncertain Future

As the last vehicle left the production line at Bochum’s Opel car factory, some 3,000 employees have been left with an uncertain future. It was a bitter day in a city already struggling with high unemployment.
The last car went off the production line at the Opel factory in the western German city of Bochum in the early hours of Friday morning, DW reported.
“The heart of Opel has ceased to beat,” one employee said. The company will close the 52-year-old factory next year due to overcapacity. The last Opel from the Bochum factory – a Zafira compact van – will not be sold regularly, but instead dedicated to a “social purpose,” details of which Opel was due to announce later on Friday morning.

 Uncertainty
Around 3,000 Opel employees in Bochum, a former major mining center in the Ruhr area, now face an uncertain future. Most of them will go into a transitional employment scheme for a maximum of two years. Only 700 employees will remain at the huge factory premises to work in Opel’s spare parts store.
Over the next few years, however, the German state of North Rhine-Westphalia aims to bring in new business to the region. The development company “Bochum Perspective 2022” will be providing some 50 million euros ($62 million) in funding over eight years.
In the meantime, Opel’s withdrawal has come as a blow to the region. The decision was “very bitter” for the city and those directly affected, Bochum Mayor Ottilie Scholz recently said.

 Courage
Bochum’s unemployment rate is currently 9.4 percent, above the national average. And with about half of Opel workers living in Bochum itself, a further increase in unemployment is expected.
The city has already suffered heavy blows in the past, including the withdrawal of mobile phone manufacturer Nokia, which had 2,300 employees, in 2008.
Bochum-born musician Herbert Gronemeyer now wants to show his solidarity with a concert. “There are concrete plans to play a concert for the Bochum Opel workers or to invite them all,” said the 58-year old singer. “The challenge now is to give them courage.”

Short URL : http://goo.gl/2aHqRg

You can also read ...

IMF Cautions Kenya on Rising Debt
The International Monetary Fund has cautioned that Kenya’s...
Gold Inches Up as Dollar Dips
Gold prices crept up on Wednesday amid a softer dollar, with...
AT&T-Time Warner Merger Case Politically Motivated
The US Justice Department’s lawsuit to block AT&T’s $85...
All three sides can’t agree on a few key issues.  Top of the list: The manufacturing of cars.
No meaningful progress is being made in NAFTA trade talks...
Credit Tightening Dominoes Threaten Asia With Hidden Risks
With Asia’s economies humming along, consumer prices rising...
The rules say that EU countries should have budget deficits below 3% of GDP and public debt below 60% of GDP.
National budgets of six eurozone countries may break the...
UK Slashes Growth Projections
Britain slashed its official projections for economic growth...
Mexico Boosts Minimum Wage
The bittersweet news for Mexico’s poorest workers: the...

Trending

Googleplus