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

While Tesla Motors continues to struggle with regards to the assembly of its much awaited Tesla Model 3, investment firm Oppenheimer & Co. is confident that its previous production estimates...
by - October 22, 2017
It seems that BMW’s high-performance division -- BMW M – still has not warmed up to front-wheel drive vehicles. So those who had been looking forward to BMW M vehicles...
by - October 22, 2017
Porsche already has the Performance Package for their range-topping Macan Turbo, which is currently available in some countries. Soon, this model will be dethroned by something even fancier by the...
by - October 22, 2017
After the highly dynamic Polestar 1 two-door coupe – Polestar’s first ever production car -- was recently unveiled, not a few people’s curiosity was piqued as to how much they...
by - October 21, 2017
The BMW 7 Series is already highly sought after but nonetheless, the German marque is giving it a more exclusive variant for the Russian market, and they are calling it...
by - October 20, 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