The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
1,300 jobs Number of planned job creations
Announcement Date
5 November 2010
Employment effect (start)
5 November 2010
Foreseen end date
31 December 2011
Description
On 7 December 2010, the daily Frankfurter Allgemeine Zeitung reported on the car manufacturer BMW's intention to create 1,300 jobs in Germany by the end of 2011. Already at the beginning of November, the same paper had reported that BMW will create 800 new jobs at its production site in Leipzig. The job creation in Leipzig is part of the company's plan to manufacture a new line of electric cars called ‘Megacity Vehicles'. This project will receive 400 million Euros over the next three years.
Sources
6 November 2010: Frankfurter Allgemeine Zeitung
1 November 2010: Frankfurter Allgemeine Zeitung
7 December 2010: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2010), BMW, Business expansion in Germany, factsheet number 71148, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71148.
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