Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

World

Opel to fire 1,200 Bochum workers

RANKFURT, Mar 18 – German automaker Opel plans to fire 1,200 workers at its plant in Bochum, western Germany, the head of the company\’s works council said.

Opel, the European unit of General Motors, had planned to reduce the Bochum workforce by 1,800 positions through voluntary departures but not enough staff accepted the proposal, Rainer Einenkel told Friday\’s Rheinische Post daily.

As a result, the parent group "asked me seriously to approve" the firing of 1,200 workers, he said.

An Opel spokesman told the newspaper that talks on the subject continued with personnel representatives.

The company will have a new boss as of April 1, meanwhile, after German Karl-Friedrich Strache was named to the post on Thursday.

After initially seeking to sell Opel, GM decided to restructure the division, which provides important research and development of smaller, fuel-efficient autos.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...