Last November, Opel announced it would cease production operations at its plant in Bochum, Germany by the end of 2014. The last vehicle ever produced at Bochum, a Zafira Tourer MPV, rolled off the assembly line this week, signaling the end of its 52-years of service.
The total cost of closing down the Bochum facility was originally reported to be $500 million for severance and early retirement fess for the 3,300 employees that worked there. However that cost rose to $866 million after worker’s unions and Opel deliberated for months over a severance deal.
About 300 employees will remain at the Bochum plant as parts operations continues, but the future of the rest is unknown. Opel is currently in the midst of a turnaround, with ambitious goals to return to profitability by mid-decade.