BMW would not need to make more job cuts even if a second wave of the global financial crisis hits, its personnel chief has said.
Go deeper with GlobalData
“We are guiding (employment) via working hours accounts, holidays, natural fluctuations and transfers,” Harald Krueger told Reuters.at the Frankfurt show, adding there was also a limited number of voluntary redundancies.
BMW cut 10,000 jobs as part of a strategic revamp in 2007 and now employs around 98,000, of which nearly 73,000 work in Germany. Those cuts will save the automaker EUR500m (US$734.2m) this year, according to the report.
Around 26,000 staff were put on short time earlier this year amid a sharp downturn in car sales and about 1,000 remain on reduced hours at the motorcycle plant in Berlin and a parts plant in Landshut.
The Dingolfing plant that makes 5-, 6- and 7-series cars suspended short time working for September and October to make the new five-door, 5-series GT model and Krueger told Reuters it was not yet decided if short hours would return there in November and December.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
