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Bochum Opel plant set to close after 2016
Published: 8 Dec 12 11:09 CET | Print version
Online: http://www.thelocal.de/money/20121208-46643.html
US auto giant General Motors has decided to stop auto manufacturing at its Opel plant in Bochum, western Germany, after 2016, the head of the works committee said on Friday, a move that could mean the plant will close.
- Opel cuts thousands of jobs across Germany - Business & Money (1 Nov 12)
- Opel puts cuts shifts to part-time - Business & Money (23 Aug 12)
- General Motors vows no plant closures at Opel - Business & Money (3 Aug 12)
A spokesman for the factory confirmed the works committee meeting on Monday but declined to comment on Einenkel's comments or provide details on the meeting's agenda.
Built in 1962, the Bochum plant manufactures the Opel Zafira model and has regularly been cited as a site to be closed as GM Europe tries to get to grips with its surplus production capacity.
In June, GM said the plant would remain in operation until the end of the Zafira's production run, at the end of 2016.
Opel, a troubled GM unit, has three other German factories, its main plant in Rüsselsheim, near Frankfurt, and one each in Kaiserslautern, western Germany, and Eisenach, central Germany.
On Wednesday, Einenkel said that Opel would return to a program of shorter work shifts in Bochum owing to weak sales of the Zafira in Europe.
AFP/hc
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Your comments about this article:
Well done Verkel!!!
And btw, more closures to come..
If the government wanted to effect sales....then offer up a special discounted sales tax deal for six months. Course, people would buy a ton of cars for six months, then go back to their long protracted wait for another vehicle.
Germany was booming on a false pretense. It assumed everybody was good for the loans they were receiving to buy German goods. Without the loans = No German Boom. Hell, I could set Germany Booming, too! Just Loan me 1 Trillion, I'll show you. But it still won't not a real boom, Its just more debt.
Hell yeah, more closures to come. This is just one of Obama's failed projects.
But Bfa and Smart2012 don't want that. They want the screwing to continue 'Germany was Booming' lol. Yeah, it was a fake boom, get over it.
So there you go, formerly Sovereign countries are now in Indentured Servitude to Germany and its banksters. This is what you Europhiles wanted. We tried to tell you what was coming, but you wouldn't listen. You were convinced over your superiority, but reality has set in.
Now, for change? How about ending the madness! Let countries follow in the steps of Iceland after its collapse. Forget all the lies the EU tells you. They just don;t want to lose their investment. The best thing for Greece is to leave the Union, allow the failure to reshape a better and more competitive Soverein Nation. Its time to rebuild, not continue and bailout the failure.
What about a federal eu with a unified banking system and a central bank printing money, ie exactly same system as USA?
Hollande wants it, monti wants it, draghi wants it, only Verkel and buba are against it... Verkel gets out
as for Hollande and his mutualising debt dream, he couldn't care less for Spain and Italy, all he wants is Germany to pay off HIS debt. France has never worked towards a federal Europe as they will not cede power to anyone. This is why the Euro has problems. Until ALL government act responsibly, don't expect to be bailed out by their neighbours, actually be honest with their electorate as to what is a realistic expectation i.e. retiring at 55 without the massive tax income required stop, stupid tax competition (Ireland 12% Corporation tax, Netherlands and Luxembourg too) then the Euro will work. The present situation with Hollande trying to pretend that he can lead a southern European group that never gets to grip with their own economic problems but wants the north to bankroll their excesses won't work. That is what is splitting Europe.
Noone says that central bank will have to print every day, however the system should be there. Also, be aware that also in Germany poverty has increased drastically, cause of productivity.
So tell us, what do u propose to get out of this crap?
Printing money will make you feel good for the first 5 minutes, but solving problems will take a lot longer. Your Mr Hollande is only just finding out.
Again, still waiting for your proposal
Some patterns never lie... Apparently Opel is going under ; then better whispering than yelling it out . Such horrifying news are usually tempered , not announced loudly when made public. Well, this is a smarter way of delivering a message of distress.
This brand has been performing less-encouraging records for a long period of time. Zafira is a frontrunner in a desperate bout . A car with good performance indeed , but market challenges are higher than expected.
Yet another moment of mourning for European labor, German in particular.
Merkel is responsible cause she didn't give money to an AMERICAN company to save Opel.
Finally Capitalism works: A failed company (Opel) closing it's ''shop''.
Socialist want capitalistic money to save failed capitalistic companies.
This called FRAUD.
It's important to minimize Opel's price in order to be bought by lesser money from another capitalistic/banking monster. THEY KNOW BETTER.
I notice you left the "S" out of BRICS, so as to brush over the fact that one of the BRICS is Singapore, a city state with a population of just over 5 million and an area of only 700 square Km - yet they seem to struggle along without being bolted to a large to anyone else. The same can be said for South Korea and a number of small successful economies, Germany did not suddenly start exporting when they joined the EZ or even the EU. There is no correlation between being a successful manufacturing or exporting country and EU membership.
It is companies that make and sell gods and services, not countries or federations. Being big makes you a bigger target market, as the USA so aptly demonstrates. The USA runs with a huge deficit, largely financed by the Chinese who are on the other side of the US deficit equation.
I suspect GM will want to move Opel production to predicted growth markets, such as Russia.
South Korea has no say in the world, and in its back has USA.. Go to Seoul and u'll see many American soldiers around. Why? Cause South Korea is an American base close to communist countries.
Germany alone would be nothing..
Sorry my friend
Lets start first with the fact each state is comprised of Americans. Second, each state speaks the same tongue although So Cal is somewhat in question. Third, each eu country has its own sovereign interests. Fourth, oh forget it, i would rather sit back and laugh at your, throw anything on the board ideas.
A federal eu cannot work for the same reason your beloved un doesnt work.
Germany didn't answer any bell. They held their nose and saved those treatments of VW, BMW and others.
The American and Canadian taxpayers gave GM a huge bridge loan in exchange for special treatment for GM's unavoidable bankruptcy. You have to expect that these taxpayers will want jobs preserved in North America even when long-standing Opel facilities are at risk.
Opel has been a very profitable arm of GM for 80 years. It has become unprofitable are a difficult time for GM. There were a lot of folks that wanted GM to be liquidated (including the beaten Republican Presidentail nominee). As Joe Biden screamed: OBL is dead and GM is alive!
The outlook for Opel is bleak, I doubt that the Americans will continue losing money in Europe for another decade.
And what is wrong with a private company going bankrupt? It does not mean 100% they would have closed. Also look at the market in America. Where are the following companies. And why didn't the auto industry collapse. Rambler, Desoto, Edsel, Dusenburg, Stanley steamer. They all went the way of the Dodo and the industry moved on without them.
Thing is. If there is a need for 1 million cars a year. Then 1 million cars will be built. Some one will have to build more to make up the short fall from a poorly run company that closes.