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Ngoc Elysia ATP About BMW says it has lost 10% of its workforce in Europe due to Brexit, as it closes 1,400 UK factory sites

BMW says it has lost 10% of its workforce in Europe due to Brexit, as it closes 1,400 UK factory sites



BRUSSELS (AP) BMW has said it has shed 10% to 15% of the workforce in the United Kingdom due to the Brexit vote and that it plans to shut 1,000 UK factories as part of its global restructuring plan.

The move came as the company announced it will close two more sites in the UK, one in Bristol and another in Coventry.

The British carmaker said the decision to close the Bristol plant was “part of a comprehensive restructuring plan.”

The company said it will lay off 1,200 workers and is also planning to lay off 3,500 workers in the next two years.

In a statement, BMW said it plans “to focus our investment and resources” on building vehicles in China, which is home to the majority of its production.

BMW said the Bristol factory would be the last BMW UK factory to be closed.

BMW’s UK headquarters in Oxfordshire, England, is currently home to more than 500 staff.

____Reuters news service contributed to this report.

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