The carmaker BMW has lowered its outlook in its core business because of the corona virus pandemic and wants to reduce the number of employees. The goals should be achieved with a number of employees that will be slightly below the level of the previous year, said the Dax group on Tuesday evening.
The company will use vacancies through fluctuation to drive personnel restructuring. BMW initially did not disclose the number of jobs that could fall victim to the tightened austerity measures. At the end of 2019 the group had almost 134,000 employees based on the old count, based on a new definition around 126,000. So far, CEO Oliver Zipse had planned to have an essentially constant number of employees in the current year.
BMW quarterly figures on Wednesday
As with rivals Volkswagen and Daimler, the prospects for business in 2020 are darkening among Munichers as well. The measures to contain the corona pandemic in numerous markets continued longer than was foreseeable when the forecast was presented in mid-March. The effects are likely to be particularly strong in the current second quarter of 2020. The group plans to present the figures for the first quarter this Wednesday. Volkswagen and Daimler had already dropped their business forecasts and warned of losses in the second quarter. BMW is now the last German car company to cut its prospects.
In the middle of March, BMW initially expected a production break of four weeks due to the spread of the lung disease Covid-19 – now it has been around six weeks. In addition, the plants in Europe, South Africa and North America are not yet running at full speed again and it is doubtful whether car buyers will immediately buy cars as they did before the crisis. – dpa