Despite Big Profits, BMW Cuts 8,100 Jobs
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.