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Home ” News ” BMW will cut 125 US jobs, Spartanburg sure
September 1, 2020/1 minutes of reading
The global pandemic we’re experiencing lately has had a dramatic effect on some industries, while some have thrived, such as online decomposition stores or Internet services, others have gone bankrupt. Car sales are collapsing in several countries. Unsurprisingly, BMW will also be affected and the first symptoms are already appearing.
According to a new automotive news report, which includes insider information, BMW USA plans to eliminate some jobs this year to cope with the effects of declining demand. 125 jobs, which will keep the production workforce intact. This also applies to the Spartanburg factory, one of the largest BMWs in the world and where the maximum SUVs are recently built.
In recent times, sales have declined particularly in several countries, in addition to the United States. We’ve noticed nearly 20% drops in sales, which will certainly have an effect that’s starting to notice. companies, just BMW. Many of them have announced their goal of eliminating diversity models or eliminating some employees.
With the rise of electric cars and the budget needed to expand them, corporations are looking for tactics to keep things together. BMW has already announced that its initial forecast for 2020 will be much grimmer and that it will achieve the profitability targets it has set for itself. . it may just be a problem.
Let’s hope things are replaced soon and that the symptoms may be there. The Chinese market, for example, is beginning to return and the rest of the world can also follow it.
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