Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
Business Standard

BMW to hire thousands of permanent staff

Move comes after auto giant cuts temporary staff by half

Related News

plans to hire thousands of permanent staff after cutting the number of its temporary workers by half, a German magazine reported on Saturday.

BMW's management has struck an agreement with the company's works council that will see the number of temporary workers fall to around 6,000 from about 12,000 currently, Wirtschaftswoche magazine reported in an article released ahead of publication on Monday.

At the same time, BMW would offer permanent positions to thousands of workers, many of whom are expected to come from the current pool of temporary staff, the magazine added.

The share of temporary workers in BMW's labour force would therefore fall to around 8-10 percent from 17 percent, the magazine said, citing sources involved in the talks.

"The negotiations over a new employment contract have not yet ended but have progressed very far," the magazine quoted a BMW spokesman as saying.

"An agreement in the coming weeks is very likely," he added.

Car makers and other manufacturers in Germany have relied heavily on temporary and short-term contract workers in recent years to balance out swings in production and demand.


Read more on:   

Read More

Rajat Gupta defence takes aim at trader's credibility

Lawyers defending former corporate director Rajat Gupta on insider-trading charges sought on Wednesday to discredit a former hedge-fund trader who ...

Recommended for you

Quick Links

Back to Top