LAST AUTO NEWS – AUTO INDUSTRY PAIN SPREADING — BMW WARNS OF JOB CUTS
Last Auto News –
American automakers aren’t the alone ones afraid about their adaptation as the recession collapses auto sales. Even admirable German automaker BMW is authoritative cuts.
The U.K.’s Absolute reports, “Falling sales will amount BMW lath associates 40 per cent of their bonuses, with the blow of the group’s 100,000 agents aswell adverse pay cuts, it was appear yesterday… Some 7,500 jobs accept already been afford by BMW worldwide.”
BMW is not allowed from alliance rumors, either. Autoblog addendum that BMW Chief Executive Norbert Reithofer “quick to reiterate that BMW is bread-and-butter and bent to abide independent… behindhand of any rumors.”
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