BMW Ag, the world’s largest premium carmaker plans to hire thousands of permanent staff after cutting the number of its temporary workers by half, German magazine Wirtschaftswoche reported in an article released ahead of publication on Monday.
According to the article, the German automaker has struck an agreement with the company’s works council that will see the number of temporary workers fall to around 6,000 from about 12,000 currently.
The announcement comes shortly after BMW AG and Japanese auto behemoth Toyota Motor Corp. Friday agreed to widen their cooperation projects to fields including lightweight construction, fuel cells and electric drivetrains, the latest example of auto makers teaming up to share the surging costs of new technology.
Toyota’s relationship with BMW isn’t the first German-Japanese tie-up. Daimler AG’s Mercedes-Benz carmaker cooperates in certain areas with Nissan Motor Co.’s premium Infiniti brand.
The German carmakers emulate Japanese manufacturing techniques, while the Japanese admire the flair of Germany’s luxury carmakers and their deft brand management.