GM Wants To Unload Its French Transmission Plant - Again
In a reminder of the dark days of 2008, GM did put its Strasbourg, France, transmission plant up for sale. GM had tried to sell the plant in the crisis year of 2008. Not able to find a buyer, GM decided to keep it. Now, GM wants to unload the plant again.
Officially, GM “is conducting a comprehensive strategic review of its Strasbourg (France) transmission operations for potential sale. The review includes both the manufacturing plant and the engineering and product development operations.”
After GM had bought the plant back for one euro in 2010 from a liquidator, workers agreed to a two-year wage freeze in return for job guarantees.
GM does not feel that it is reneging. “There are commitments in place to continue manufacturing the transmissions for the next several years,” GM spokesman Jim Cain told Reuters.
Approximately 1,000 people are employed in the Strasbourg operations. Last year, the plant produced approximately 280,000 six-speed automatic transmissions, mostly for customers outside of Europe.