BMW to cut German labor, increase U.S. production

BMW (BAMXY) plans to cut €100M ($136M) of German labor costs every year after 2015.

The German cuts come as the company decides which plants in Bavaria are financially worth it to build it's new models.

However, BMW also announced it would invest $1B to enlarge its U.S. plant in South Carolina, increasing the number of employee's to 8,800. The U.S. plant will be the company's biggest production facility by 2016.

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Comments (2)
  • chopchop0
    , contributor
    Comments (5336) | Send Message
    Wonder if the situation is similar to what happened at BA.... moving jobs from WA to SC because the workers wouldn't cooperate.
    3 Jun 2014, 02:32 AM Reply Like
  • corelanguages
    , contributor
    Comment (1) | Send Message
    The Greer Plant produces all of the x models, including the upcoming x7
    3 Jun 2014, 08:01 AM Reply Like
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