The Munich-based company said today in a statement that it plans to cut a total of 8,100 jobs in order to raise profitability. In particular, BMW intends to eliminate 5,000 temporary and 2,500 permanent positions in The job-cuts are part of BMW’s five-year savings plan that was announced last September by CEO Norbert Reithofer. The Bavarian carmaker plans to achieve a return on sales as much as 10 percent by 2012, which is similar to Daimler's 2011 goal for its Mercedes-Benz Cars unit.
Via: Bloomberg
