BMW strikes anti-crisis staff deal

Germany’s BMW could endure a 30 per cent slump in sales without posting losses or having to lay off staff thanks to an anti-crisis package agreed with staff, Der Spiegel reported yesterday. The deal allows the car maker to scrap shifts, enforce holidays during downturns and remove limits to overtime, the magazine said. “Our agreement with workers (of late September) provides for a whole bunch of flexibilisation measures,” a BMW spokesman said. “The goal of the plan is to preserve jobs.”