BMW reaches deal with staff to preserve jobs
- Germany: Tuesday, October 30 - 2012 at 02:47
BMW may post a 30% fall in sales without posting losses or having to lay off staff thanks to an anti-crisis package agreed between staff and management, Reuters has reported. "The goal of the plan is to preserve jobs," a BMW spokesman told the news service. The deal, agreed with employees last month, allows the luxury car maker to scrap shifts, enforce staff holidays during downturns and remove limits to overtime work to build up cushions for possible crises.
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