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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 (3526) | 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, 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, 08:01 AM Reply Like
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