Credit crench hitting BMW hard
01-20-2009, 05:56 AM
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The credit crunch has hit hard at BMW. This link sends you to the not-too-respectable Bild Zeitung, http://www.bild.de/BILD/news/wirtschaft/20...kurzarbeit.html where they describe the dire consequences for BMW.
According to Blomberg News will this mean a reduction of 38,000 cars for 2009.
26,000 workers will have to face reduced working hours with netto income lowered to 93% of full salary.
Sales down with 26% in December.
And BMW want to have share for their Financial Division in the new guarantuee package from the German state.
Tough times indeed.
According to Blomberg News will this mean a reduction of 38,000 cars for 2009.
26,000 workers will have to face reduced working hours with netto income lowered to 93% of full salary.
Sales down with 26% in December.
And BMW want to have share for their Financial Division in the new guarantuee package from the German state.
Tough times indeed.
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