BMW to Slash Thousands of Jobs in 2008

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Ze German automaker BMW announced earlier today via a company spokesperson that it plans to cut thousands of jobs in 2008 to cut costs. Although the spokesperson won't say exactly how many thousands of jobs would be cut, but according to a report by Der Spiegelthey'll be slashing 8,000 of their 108,000 workers.

BMW is saying most of the cuts would come from the Deutschland, where the company employs around 80,000. Interestingly enough they've got between 6 and 8,000 temporary workers in Germany. Anyone want to make a bet who's losing their jobs? (Hat tip to David!) [via AP]