Monday, March 03, 2008
BMW poised to wield the axe
BMW has announced it plans to cut another 5,600 jobs by the end of 2008 in Germany and other markets.
The decision comes after the carmaker's elimination of 2,500 other positions in a move to cut expenses as part of a wider cost-cutting programme.
Head of BMW personnel Ernst Baumann told reporters in Munich that the job eliminations would include 2,500 full-time workers and 2,500 temporary workers, as well as 600 other positions. He said the cuts would bring the company's total up to 8,100 position eliminations, representing around 7.5 per cent of its work force worldwide.
DATED: 03.03.08
FEED: MT
