German auto manufacturer BMW will cut 5,600 jobs in 2008, bringing the total number of positions eliminated as part of a company-wide cost cutting program to 8,100. The first cuts were announced in December, as part of a plan to increase rate of return in the face of economic changes like the falling value of the American dollar.
See "BMW to cut 5,600 more jobs in 2008", International Herald Tribune, February 26, 2008