Type
Business expansion
Country
Germany
Region
Sachsen; Leipzig; Leipzig
Location of affected unit(s)
Leipzig
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.1 - Manufacture of motor vehicles

5,500 jobs
Number of planned job creations
Job creation
Announcement Date
13 May 2005
Employment effect (start)
1 March 2005
Foreseen end date
30 June 2006

Description

BMW has opened its new factory in Leipzig, where the new 3-series-model has gone into production in March 2005. BMW has invested €1.3 billion, €363 million were given as subsidies by the state of saxony. In the medium term production is to be increased from 160 to 650 cars each day, employment is to rise from 2,500 to a maximum of 5,500 in 2006.


Sources

  • 13 May 2005: MDR

Citation

Eurofound (2005), BMW, Business expansion in Germany, factsheet number 61609, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61609.