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
2,000 jobs Number of planned job creations
Announcement Date
9 May 2011
Employment effect (start)
Foreseen end date
31 December 2011
Description
On 9 May 2011, German automobile manufacturer BMW announced the creation of 2,000 new jobs in 2011, of which 1,000 jobs will be created in Germany. There is no information on which other countries these new jobs will be created. The company also said it will continue hiring temporary workers in order to react flexibly to market fluctuations. Last week BMW had announced their record result for the first quarter of the business year, expecting to hit an all time high in sales in 2011.
Sources
9 May 2011: Handelsblatt
Citation
Eurofound (2011), BMW, Business expansion in World, factsheet number 71946, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71946.
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