Luxury car maker BMW AG revealed today its plans to slash another 5,600 jobs by the end of 2008 as part of a restructuring effort aimed at boosting company's profits. Its decision is expected to bring annual savings of 500 million euros ($752 million) starting in 2009.

According to a BMW spokesman, part-time workers would take the hardest hit, with 5,000 fewer posts. Half of them had already been eliminated last year and the rest are set to be cut by the end of 2008. The restructuring plan also involves more than 3,000 full-time jobs, including 2,500 in Germany, and 600 other positions in other regions. Thus, the restructuring plan comes with a total number of 8,100 jobs cuts. This is 7.5% of BMW's work force, which totals almost 108,000 workers.

Ernst Baumann, the company's head of personnel, said BMW may make more cuts if the dollar continues to decline. Baumann did not specify the total costs that the restructuring plan would bring, but he believes expenses will result in the "three-digit million" euro range.

I sat next to a guy named "Trent" at my first real job. He took sick days about once a week, and we all laughed about it; but secretly resented him for taking advantage of the rest of us working stiffs, who actually worked every day. And dared not to take sick days for fear our bosses would think badly of us; that we were lazy, or hypochondriacs, or unhealthy.

Wal-Mart Stores, Inc. (NYSE:WMT) is cracking down on the Trents in its workforce, according to the Wall Street Journal this morning [subscription required]. The company has enacted a new attendance policy. Now, if you have the sniffles, or chronic back pain, or a hangover, or mono, you have to call an 800-number; obtain a code; and give that code to your manager. The system will track sick time and whether or not your absence is authorized; those employees who get too many unauthorized absences will be terminated.

Even more ominous, employees with too many sick days will be encouraged to apply for an unpaid leave of absence. Critics naturally are attacking Wal-Mart from every direction, wondering if the company is trying to shuck the unhealthy workers from its roles. Whether or not this is true, it's certainly an icky process for Wal-Mart to enact, and seems a bad move for a company already under fire for overworking its employees.