BMW says to axe 850 Mini jobs in Britain
16 Feb 2009 6:46 PM
BMW says it'll lay off 850 workers at its plant in England where it makes the Mini .. as the global economic slowdown hits demand for the iconic car.
The German carmaker says the downsizing will come into force on March 2 .. when the plant begins operating five days a week instead of seven.
BMW is struggling in its key North American market.
It previously said its overall 2008 vehicle sales were down five per cent from the year before .. and that Mini sales were off by 35 per cent in January this year.
