Three more bosses set to leave Rover
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.BMW EXPECTS three more top managers to resign over the crisis in Rover Group, which could report losses this year of DM1.1bn (pounds 400m), a German news magazine reported over the weekend.
Der Spiegel reported on Saturday, just days after the resignation of Rover Group chairman Walter Hasselkus, that Rover executives in charge of quality and finance were to leave their posts as well as a Bayerische Motoren Werke AG executive.
The report, based on an interview with BMW chief Bernd Pischetsrieder, did not identify the executives.
Mr Hasselkus announced his resignation on Wednesday, a week after the company and leaders of its unions reached agreement on a plan to trim 2,500 jobs from the current workforce of 39,000. It is hoped the deal will save pounds 150m a year. In addition to high losses in Rover Group, BMW expects to lose DM300m this year in its subsidiary Rolls Royce. The BMW brand, however, expects record profits this year of DM3.3bn.
It was also reported at the weekend that BMW is to send a "hit squad" of 100 middle and senior managers to sort out the problems at Rover. AP
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments