BMW Asks Suppliers to Cut Their Prices, Manager Magazin Reports
2008-01-23 12:41 (New York)
By Nadja Brandt
Jan. 23 (Bloomberg) -- Bayerische Motoren Werke AG, the world's largest maker of luxury cars, is asking suppliers to cut their prices, Manager Magazin reported. BMW, which seeks cuts of as much as 20 percent for some parts, is trying to decrease costs, the magazine said, citing head of purchasing Herbert Diess.
The automaker has said it plans to slash jobs as part of the initiative. Part-time workers in BMW's German factories, in particular, will be affected, as well as employees at headquarters and in the development division, the magazine said, citing personnel chief Ernst Baumann.
2008-01-23 12:41 (New York)
By Nadja Brandt
Jan. 23 (Bloomberg) -- Bayerische Motoren Werke AG, the world's largest maker of luxury cars, is asking suppliers to cut their prices, Manager Magazin reported. BMW, which seeks cuts of as much as 20 percent for some parts, is trying to decrease costs, the magazine said, citing head of purchasing Herbert Diess.
The automaker has said it plans to slash jobs as part of the initiative. Part-time workers in BMW's German factories, in particular, will be affected, as well as employees at headquarters and in the development division, the magazine said, citing personnel chief Ernst Baumann.
