BMW Supervisory Board to Approve Rover Deal and Peugeot Announces 1,000 New Jobs

BMW's supervisory board meeting in Munich will consider approving Rover Group's agreement with unions, securing car production and a £1.5 billion investment in return for 2,500 redundancies and flexible working practices. The deal has received unanimous backing from shop stewards representing Rover workers. Meanwhile, Peugeot is announcing 1,000 new jobs at its Ryton plant, a third production shift, and plans for expansion, including capacity increases.

Key Takeaways:

• BMW supervisory board to consider approving Rover Group's agreement with unions, securing car production and a £1.5 billion investment.
• 2,500 voluntary redundancies and introduction of flexible working practices part of deal with Rover unions.
• Peugeot to announce 1,000 new jobs at Ryton plant, a third production shift, and plans for expansion.
• Ford's Dagenham plant in Essex to reduce production by around 5,500 vehicles, on a four-day week until the end of January 1999.
• Volvo to cut staff by 5,300 and axe 700 consultants due to weaker markets.

Statistics:

• 1,000 new jobs to be announced by Peugeot at Ryton plant.
• 2,500 voluntary redundancies part of deal with Rover unions.
• £1.5 billion investment to be secured by Rover Group in return for deal with BMW.
• Ford's Dagenham plant to reduce production by around 5,500 vehicles.
• 5,300 staff to be cut by Volvo.
• 700 consultants to be axed by Volvo.

Sources:

• "BMW supervisory board to consider approving Rover deal" (The Guardian, no date)
• "Peugeot to announce 1,000 new jobs at Ryton plant" (BBC News, no date)
• "Ford's Dagenham plant to reduce production" (BBC News, no date)
• "Volvo to cut staff by 5,300" (Financial Times, no date)