BMW reaches cost savings agreement with workers to slash bonuses

Filed under:Earnings/Financials,Green,BMWBMW management and labour have reached an agreement on measures to reduce costs that avoids "drastic measures", the German carmaker said on Wednesday.BMW had been in talks with labour representatives and its top suppliers as it seeks to achieve cost savings of more than 12 billion euros ($13.23 billion) by 2022.Continue reading BMW reaches cost savings agreement with workers to slash bonuses BMW reaches cost savings agreement with workers to slash bonuses