BMW hits Germany with major job losses

BMW, the world's largest premium car maker, plans to cut 8,100 jobs to slash its costs. Most of the losses will fall in the home country of Germany.

The company̵7;s UK factory at Oxford, where the successful Mini is made, and the engine plant at Hams Hall near Birmingham are not thought likely to be affected.

The jobs losses are intended to generate annual savings of 500 million euros starting in 2009.

Around 2,500  pemanent and 5,000 temporary positions will go in Germany.

These cuts are a dramatic reversal of form for a company that has avoided such measures in the past, earning the tag of Germany's most sought-after employer.

Several hundred staff have already signed up for voluntary redundancy packages that are necessary as part of  a labour agreement preventing BMW from laying off German employees through to the end of 2013.

Image: Most of the cuts are falling in Germany

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