6.9 C
Alba Iulia
Thursday, July 9, 2020

BMW wants to cut jobs – outlook for core division lowered

Must Read

Disney Research’s neural face swapping technique can provide high-resolution photorealistic video – TechCrunch

New document published by Disney Research in partnership with ETH Zurich describes a fully automated neural network-based method for...

Russia denies radiation incident despite striking measurements in Northern Europe

The registered particles, according to the international organization, are the result of a nuclear fission caused by humans. The...

The sale of AAP is finalized, which avoids the closure of an 85-year-old “ vital ” press wire

The future of the Australian Associated Press (AAP) newswire has been secured with the inking of a sale to...

- Photo: dpa
– Photo: dpa

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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Disney Research’s neural face swapping technique can provide high-resolution photorealistic video – TechCrunch

New document published by Disney Research in partnership with ETH Zurich describes a fully automated neural network-based method for...

Russia denies radiation incident despite striking measurements in Northern Europe

The registered particles, according to the international organization, are the result of a nuclear fission caused by humans. The Swedish and Finnish nuclear authorities...

The sale of AAP is finalized, which avoids the closure of an 85-year-old “ vital ” press wire

The future of the Australian Associated Press (AAP) newswire has been secured with the inking of a sale to new owners who say they...

25 confirmed cases of COVID-19 now linked to a nail salon in Kingston, Ontario.

Kingston, Ontario area health unit confirms three more COVID-19 cases related to a nail salon in the city of eastern Ontario, warning that all...

More Articles Like This