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'.
Reuters
BMW 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".
Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.
Special Offer: Subscribe to Moneycontrol PRO at ₹1 per day for the first year. Coupon code: PRO365. Offer available on desktop & android only. *T&C Apply
First Published on Jun 19, 2020 04:57 pm
