Despite Big Profits, BMW Cuts 8,100 Jobs

Expected record sales for 2007 won't keep the automaker from going ahead with its savings plan featuring massive layoffs

Everyone knew it was coming, but on Wednesday, German automaker BMW confirmed that it was cutting a total of 8,100 jobs as part of a massive savings plan. Among the jobs to be slashed are 2,500 permanent staff in Germany along with 5,000 temporary workers. Six-hundred workers in factories outside of Germany will likewise be laid off.

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