The logo of German car manufacturer BMW is seen at the company headquarters in Munich

MONEY & BUSINESS:
BMW to lay off 10,000 contract workers: source


The logo of German car manufacturer BMW is seen at the company headquarters in Munich, Germany, May 14, 2020. REUTERS/Andreas Gebert

June 19, 2020

MUNICH (Reuters) – BMW <BMWG.DE> will not extend the contracts of 10,000 contract workers, a company source told Reuters on Friday, as the German luxury carmaker seeks to reduce its capacity due to the coronavirus crisis.


The Munich-based company said earlier on Friday it had reached an agreement with the works council a package of “personnel measures for a sustainable future”.

(Reporting by Joern Poltz; writing by Thomas Seythal; editing by Sabine Wollrab and Michelle Martin)

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