NYT on BMW\’s Job Cuts
by It ‘s old news to most but when the NYT picks up on it, it ‘s important news.
>The company — whose cars have sold particularly well in the United States — has responded quickly to global trends, notably the rising price of raw materials and exchange rate volatility, largely through hedging.
>On Wednesday, BMW sought to portray the layoffs in the same light. “Flexibility has long been a key strength of the BMW Group,” Ernst Baumann, managing director for human resources, said in a statement. “We have always been able to ride the ups and downs of the market.”
