BMW Announces Buyout Packages to Employees
Thursday, July 30th, 2009
BMW has announced that they will be offering buyout packages to their employees despite their earlier premise of additional jobs needed at the Greer Plant. It doesn’t take a genius to note that this is in line with the growing problems of the economy but what is really contradicting is their continued expansion efforts.
There were no details of the buyout packages as of yet. Similar to the fate of most popular car brands, BMW is likewise succumbing to the economic pinch and the best they can do for now is look out for the welfare of their workers in an orderly manner.
By BMW’s estimates, about 5,000 people work at the local plant, including some contract workers may be cut due to the poor sales and rising operation expenses being incurred by the company to date.
(Source) News Observer
Tags: BMW, car brands, contract workers, economic pinch, economy, expansion efforts, fate, genius, jobs, news observer, operation expenses, premise, welfare