BMW chairman Bernd Pischetsrieder claimed there was a 30% productivity gap between Rover's UK plants and BMW's factories in Germany and said Rover would only be successful once that gap had closed. 'Short term actions are required for the long term future for Rover Group,' he said, and announced a review of staff levels which could see 2,400 jobs cut out of 16,000 at Longbridge, the suspension of all 'non-essential' spending in 1998, and the setting-up of teams to investigate measures by which their financial performance can be improved.
Rover's exports have been hit hard by the strength of Sterling, which has also increased the extent of BMW's losses because its financial accounts are in Deutschmarks. BMW now wants to achieve savings of £150 million at Longbridge in each year of the next three years, introduce more flexible working practices and modernise the plant.
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