BMW wants to cut German labor cost by 100 million euros annually from 2015

Article by Christian A., on June 4, 2014

BMW plans to reduce its labor costs in Germany by EUR100 million ($136 million) annually from 2015 onwards, according to Muenchner Merkur, citing workers' representatives. The paper said that savings would come from decisions over which sites in Bavaria would be economically appealing enough to build new BMW models in the future.

BMW is planning a double-digit million euro investment and new model launches to stave off challenges from premium rivals Audi and Mercedes-Benz. BMW is also targeting post record sales this year.

In March, BMW disclosed a $1-billion investment to expand its Spartanburg plant in South Carolina, which includes boosting the US site’s workforce by about 800 people to 8,800.

The investment would make the site as BMW largest production facility by 2016. A BMW spokesman, while declining to comment on the savings target, remarked there were ongoing discussions with the workers' council over where to produce which car, adding that the management will evaluate the competitiveness and costs of different facilities. [source: Reuters]

Topics: bmw

If you liked the article, share on:

Comments

Recommended

BMW will be launching a new Competition Package especially for the M5’s 2018 model year. While in Frankfurt, Andy Cook, BMW’s product exec has talked with Motor 1 regarding some...
by - September 22, 2017
BMW’s pure M and M-performance are currently being offered with six- and eight-cylinder turbocharged engines. But while German premium rival Mercedes-Benz offers – through its AMG division – a line...
by - September 22, 2017
In a recent report by Automotive News, we learned that FCA is no longer pursuing its original plans in using Alfa Romeo’s Giorgio architecture on both the Dodge Charger and...
by - September 22, 2017
Volvo Cars is proving that it is serious in its intention to grab a good piece of the global market for premium sports utility vehicles. While its XC60 and the...
by - September 22, 2017
Tesla Motors may soon revive its plans to offer battery swapping services using a new approach. This comes as the carmaker was discovered to have filed a patent months ago...
by - September 21, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries