After Volkswagen (20.000 job cuts) and Mercedes-Benz (9.700,) it is now BMW's turn to announce several thousand job cuts. The company justifies the measure by the need to react to the dollar's weak exchange rate and to reach a profitability level as high as its competitors, among others. Most cuts should concern temp workers. The IG Metall is surprised by the measure's scope. (Ref. 080006)
Announced on December 21, 2007, the news of several thousand job cuts at BMW was only half a surprise for the automobile sector’s experts. Despite flourishing results, the dollar’s low exchange rate is starting to pose a problem for the Bavarian manufacturer, which mainly produces in Germany but sells many of its high-quality models (Series 7) in the United States. It is also about bringing the company’s profit (6%) in line with that of its national competitors (10% in average,) about reorganiz
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