Add prosperity to this year’s Akshaya Tritiya with a wide range of exquisite jewellery collections to celebrate the festivity
supplements1 hour ago
The company, which produced 235,000 cars at the plant last year -- its only Mini factory worldwide -- said in a statement it would now be operating five days a week instead of seven.
"While Mini has been weathering the economic downturn, it is not immune from the challenges of the current situation," the company said in a statement on Monday.
A spokeswoman said sales of the Mini, made famous in the 1969 Michael Caine movie The Italian Job, had slumped 34.5 percent in January to just over 10,100 worldwide.
Trade union Unite described the production cuts as scandalous and criticised BMW for sacking agency workers who cannot claim redundancy pay.
"It is tough enough for workers in those car companies who have seen their market collapse in recent months, but BMW makes a top-selling product in the Mini and owed it to their staff to treat them better," said Unite Joint General Secretary Tony Woodley in a statement.
The production cut follows a severe downturn in car sales which has hurt manufacturers across the globe. In the UK, major car makers including Nissan, Ford, Jaguar Land Rover and Aston Martin have announced over 3,000 job cuts in recent months..
Britain said last month it would guarantee up to 2.3 billion pounds ($3.3 billion) of loans to help keep the car industry afloat, a deal welcomed cautiously by industry bodies but criticised by trade unions for not going far enough.
Britain's car industry is largely foreign owned, but still employs more than 800,000 workers.
($1.6920 Pound)
Add prosperity to this year’s Akshaya Tritiya with a wide range of exquisite jewellery collections to celebrate the festivity
supplements1 hour ago
One of Fawzi’s key initiatives has been integrating sustainable practices into every aspect of Blooms Group’s operations
kt network1 hour ago
The mission urged them to avoid crowded places and follow safety instructions
uae2 hours ago
The country also stresses the need to ensure the safe and unhindered flow of humanitarian aid and delivery of life-saving supplies
uae2 hours ago
Ramesh Cidambi has been named as new Managing Director with Salah Tahlak as Deputy Managing Director
business2 hours ago
Now in its pilot phase, the application offers advanced features such as tracking trip revenues, receivables, performance metrics
transport2 hours ago
Dortmund came into the season on the back of a bitter Bundesliga title loss on the final matchday of the previous campaign
football2 hours ago
Meet Kiwi shot putter Valerie Adams who swung back to action at 36 after two children and three critical abdominal surgeries to win an Olympic Bronze
sports2 hours ago