BMW Warning Employees - 'Expect Pay Cuts'

Falling sales will cost BMW board members 40 per cent of their bonuses, with the rest of the group's 100,000 staff also facing pay cuts, it was revealed yesterday. The German car giant's annual results showed it sold 58,000 fewer vehicles in 2008 and its net profit of €330m (£310m) was nearly 90 per cent lower than in 2007.
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veyron1001 - 3/20/2009 9:52:33 AM

+2 Boost

GM has been giving 100% bonuses to the CEOs and great benefits even though they have had negative profit for almost 5 years.

AgentOrange - 3/20/2009 2:56:32 PM

+3 Boost

veyron1001:
What's your source for that or are you pulling that out of your arse?

M53R - 3/20/2009 3:45:51 PM

+3 Boost

you mean profits down 90%.

mpls - 3/20/2009 5:19:41 PM

+2 Boost

Board gets bonuses cuts and no salary cuts whilst employees get cuts i salary..

Treat the employees well an they will treat the company well... hhmm. shows how valued BMW employees are.

1dott8 - 3/20/2009 11:37:38 PM

+1 Boost

bmw is going through rough times just like every other company at the moment.

EducatedOpinion365 - 3/20/2009 11:55:41 PM

+1 Boost

at least theyre cuttting bonuses!! un like that stupid @zs at AIG