BMW’s personnel chief Milagros Caina-Andree said that the automaker plans to implement a pilot programme to recruit several unemployed Spanish youth to work in Germany.
Milagros Caina-Andree told the German Frankfurter Allgemeine Zeitung that BMW plans to recruit several Spanish unemployed young people, who want to come to work for the company in Germany. If the program is successful it could be expanded to other countries, such as Italy and Spain.
During the first quarter BMW reported a drop of 4.5% in profit, as the European crisis made vehicle prices fall. The EBIT dropped to 2.04 billion euro from 2.13 billion euro in 2012. BMW kept its pretax profit target for this year, relying on increasing demand in the US and China, which will hopefully offset the loss in Europe.
“Due to high levels of expenditure for new technologies and models as well as investment in the production network, we expect to report group profit before tax for 2013 on a similar scale to 2012,” CEO Norbert Reithofer said in the statement.
BMW plans to keep the first place in luxury auto sales by rolling out 25 new models by the end of 2014, and 13 all-new models and double its SUV lineup by the end of 2020.