Tag: Antwerp

By on April 30, 2010

To stay alive, Opel wants to scale down. The factory in Antwerp is being closed. With amazing results for Opel’s bottom line: Closing the factory costs GM around €400m ($532m) in termination benefits. GM and the unions reached an agreement on the termination benefits earlier this week, reports Reuters. There are 2,600 workers in Antwerp. Now do the math: $532m divvied up amongst 2600 workers is a little bit over $200,000 per worker. Ouch! Wait, there is more pain … (Read More…)

By on January 21, 2010

We shall not be moved to pay €265m. Picture courtesy stern.de

Not surprisingly, the decision to close Antwerp is not sitting too well with Opel’s European Works Council. Their reply: Forget the wage concessions you wanted from us, and which are so critical for Opel’s survival.

Management at Opel wanted employees to contribute €265m annually to the cause. The unions were ready to deal, but wanted shares. Reilly reneged on the shares, which raised union hackles. Now, the offer is off the table. And with it, an essential piece of Opel’s future. (Read More…)

By on January 21, 2010

Don’t touch my job. Picture courtesy way2english.com

Belgium’s Antwerp can focus on its core competencies as a hub of the diamond trade. Opel will close their plant in the port city of Belgium within the next months, reports Das Autohaus, citing an announcement by Opel. The plant will be closed “to safeguard the future of the company quickly and sustainably.”

Nick Reilly expressed his supposedly sincere condolences: (Read More…)

Recent Comments

  • Re: 2015 Opel Corsa Revealed

    CoreyDL - And Vauxhall!
  • Re: EPA Mandates Real-World Testing For All Automakers

    bumpy ii - Traditionally, 3/4 ton trucks and SUVs had a GVWR of 7,500 pounds, so that was set as the cutoff for fuel economy ratings. The thinking was...
  • Re: EPA Mandates Real-World Testing For All Automakers

    thelaine - But…but Landcrusher…I happen to think we don’t need a massive, wasteful, expensive, power-mad, business destroying, taxmoney...
  • Re: 2015 Opel Corsa Revealed

    CoreyDL - Speaking of things which won’t age well – that seat fabric pattern. And the fuel cap is in the WORST possible place, and in horrible black plastic, which...
  • Re: While You Were Sleeping: July 15, 2014

    Vulpine - Yeesh! I’m glad to see news about the auto industry, but today’s writers are really hurting this board. The prejudicial, belligerent style of...
  • Re: Junkyard Find: 1986 Buick Somerset

    28-Cars-Later - Years back my old mechanic had an entire steering column from an Olds Ninety Eight sitting upright near his desk and I inquired. He had a customer with a...
  • Re: Toyota May Kill V6 Camry

    brettc - After reading the headline I realized that Toyota has virtually no turbo charged engines in any of their North American lineup. I thought maybe the FR-S had a turbo but...
  • Re: EPA Mandates Real-World Testing For All Automakers

    redav - EPA numbers are not intended to have anything to do with what real people get in real service. EPA numbers are supposed to be the result of...
  • Re: While You Were Sleeping: July 15, 2014

    kvndoom - “Volume at all costs” is taking the industry in a most boring direction. And then when companies do take risks, you get the Murano convertible....
  • Re: While You Were Sleeping: July 15, 2014

    Flipper35 - I was thinking more 510 in spirit. Though I might rather have a 510. Like this one maybe. http://www.youtube.com/watch?v =6IOJOwZomUU

New Car Research

Get a Free Dealer Quote

Staff

  • Authors

  • Brendan McAleer, Canada
  • Marcelo De Vasconcellos, Brazil
  • Matthias Gasnier, Australia
  • Tycho de Feyter, China
  • W. Christian 'Mental' Ward, Abu Dhabi
  • Mark Stevenson, Canada
  • Faisal Ali Khan, India