Germany -Opel negotiates the extension of a no-layoff guarantee -June 14, 2012

General Motors’ lossmaking subsidiary Opel has outlined a plan that foresees an eventual end to production at its plant in Bochum softened by the extension of a no-layoff guarantee for all its German workers for two more years through 2016. One key concession from the IG Metall union and employee representatives would be to agree to delay a 4.3% pay increase won this year in industry-wide negotiations.

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