BMW To Lay Off 10,000 Contract Workers - Source

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".

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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".

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