Opel to end car production at German plant

Opel to end car production at German plant

PanARMENIAN.Net - General Motors Co.'s Opel unit says it plans to end car production at one of its plants in Germany in 2016 but the factory may instead be used for component manufacturing, The Associated Press reported.

Opel said employees at the Bochum plant in northwestern Germany — one of four in the country — were informed Monday, Dec 10, that vehicle production there will end as expected when the company stops making the Zafira model.

But it says the company's warehouse in Bochum will continue to employ people after 2016 and may be expanded. Opel also is negotiating with employee representatives to produce components at the site.

Opel has been struggling amid economic gloom in Europe and overcapacity in the auto industry. It announced a turnaround plan in June that would involve cuts and new models.

 Top stories
Azerbaijan’s aggression against Nagorno Karabakh failed to strike a blow to Armenia’s economy, the Minister of Economy said.
Total underground mineral resources comprised 4.3 million tons of ore, averaging 4.2 grams per ton for 0.6 mln ounces of gold equivalent.
For those with a monthly consumption of 10 thousand cubic meters or more, the current price of $276.98 would be reduced to $257.56.
Azerbaijan is highly dependent on oil revenues and its preliminary 2016 budget indicates reductions in military spending, the report says.
Partner news