BMW says it is planning for no-deal Brexit

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BMW stated it was continuing to plan for a no-deal Brexit, given uncertainty around Prime Minister Theresa May’s deal following resignation of several ministers in protest. BMW welcomed this week’s draft withdrawal agreement as a “positive step” in the correct direction but stated the political situation was not certain. “Uncertainty is not good for business. […]

BMW’s UK employees to be balloted for strike action concerning pension changes

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British employees at BMW’s Mini and Rolls-Royce vehicle plants are to be balloted for strike action over strategies by the automaker to close the company’s final wage pension schemes, Britain’s most significant trade union stated on Friday. BMW wishes to close two final salary plans and move all staff to less generous pension arrangement which […]