BMW will shorten working hours at four of its German plants to produce around 38,000 fewer cars in February and March.
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28,000 workers at Dingolfing, Regensburg, Landshut and Berlin will work shorter hours. Munich and Leipzig will not be affected.
The production cuts will mainly affect the 3- and 5-series. They were the models most affected by a 4.3% decline in overall BMW sales last year.
According to Automobilwoche, workers will still receive 93% of their average income. From April there will be new production plans in the plants and further unplanned cuts should not be needed. No further job cuts are planned.
BMW is also reportedly looking into applying for state guarantees to back up its borrowings, according to Bild Zeitung.
