The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
8,100 jobs Number of planned job losses
Announcement Date
25 February 2008
Employment effect (start)
1 April 2008
Foreseen end date
Description
BMW, one of the leading world car makers, has announced that it is to cut 8,100 jobs. The job cuts should mainly affect the company’s plants located in Germany (the plan envisages 7,500 job cuts in the German BMW plants). The company has announced this reorganisation plan in order to increase the productivity of its plants and, consequently, to improve the margins of profit.
BMW group, with its three brands, BMW, MINI and Rolls-Royce Motor Cars, is one of the leading world car makers. It has 106,575 employees in the world of whom 98,505 work in the car division. As of February 2008, there is no information on when the job cuts will be implemented by.
Sources
28 February 2008: Il Sole 24 Ore
Citation
Eurofound (2008), BMW, Internal restructuring in World, factsheet number 66373, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66373.
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