BMW to Close Spartanburg, S.C., Plant, Will Continue to Pay Idled Workers

Date : 26/03/2020 @ 08:29
Source : Dow Jones News
Stock : Bayerische Motoren Werke AG (BMW)
Quote : 45.515  -1.785 (-3.77%) @ 03:30
Bayerische Motoren Werke share price Chart

BMW to Close Spartanburg, S.C., Plant, Will Continue to Pay Idled Workers

Bayerische Motoren Werke (XE:BMW)
Historical Stock Chart

1 Month : From Feb 2020 to Mar 2020

Click Here for more Bayerische Motoren Werke Charts.
   By Eric Morath 
 

German automaker BMW will shut its Spartanburg, S.C., plant on Sunday, idling the plant's 11,000 workers amid the coronavirus pandemic.

The company intends to continue paying workers, a spokesman said. The plant will be closed at least until April 12. No decision has been made on layoffs, the spokesman added.

Shelter-in-place orders in other states related to the crisis have disrupted parts supplies, requiring the move sooner than anticipated, the spokesman said. South Carolina hasn't put in place an order that would prevent work at the factory.

"Because of the decline in demand for our vehicles, BMW Manufacturing is adjusting its production volume, shift models and workforce structure to reflect the changing market," spokesman Phil DiIanni said in an email.

 

(END) Dow Jones Newswires

March 25, 2020 17:14 ET (21:14 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
$
Your Recent History
FX
EURAUD
Euro vs Au..
FX
USDAUD
US Dollar ..
ASX
WPL
Woodside
NASDAQ
AAPL
Apple
ASX
BHP
BHP Bilito..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:au D:20200329 00:29:41