BMW has announced that it will cut 8000 jobs over the next year.
The cuts are a result of a long-term plan to save £4.5 billion (€6 billion) in costs by 2012. More could be on the way, too, if the Euro follows its recent trend and continues to strengthen.
UK staff will be relieved to know they aren’t part of the current plans, with the bulk of the cuts coming in Germany; 2,500 permanent and 5,000 temporary posts are going. An extra 600 redundancies will take place across BMW’s global subsi...
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