hades
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(from autonews.com)
FRANKFURT (Thomson Financial) -- BMW is struggling to reach its cost-cutting targets due to difficulties in laying off employees and high raw material costs, Handelsblatt reported.
BMW plans to complete the lay-off of 8,100 workers this year as part of its cost-cutting program that is targeting 500 million euros in savings during 2009.
"We said early on that these (job cut) figures can't be reached, "said supervisory board member and unionist Werner Neugebauer.
The report said while the bulk of the 5,000 temporary workers has been reduced, only a few hundred full-time employees have signed termination agreements, citing unidentified union sources.
Get more updates from the automotive industry in Autopartswarehouse blog.
FRANKFURT (Thomson Financial) -- BMW is struggling to reach its cost-cutting targets due to difficulties in laying off employees and high raw material costs, Handelsblatt reported.
BMW plans to complete the lay-off of 8,100 workers this year as part of its cost-cutting program that is targeting 500 million euros in savings during 2009.
"We said early on that these (job cut) figures can't be reached, "said supervisory board member and unionist Werner Neugebauer.
The report said while the bulk of the 5,000 temporary workers has been reduced, only a few hundred full-time employees have signed termination agreements, citing unidentified union sources.
Get more updates from the automotive industry in Autopartswarehouse blog.