BMW to cut ‘as many as 8,000 jobs’ under pressure from Chinese rivals
BMW is planning to cut up to 8,000 jobs in its administrative and development divisions in Germany as it faces intense competition from Chinese electric vehicle manufacturers. The company has initiated a voluntary redundancy program to reduce costs amid a shifting global automotive landscape.
BMW’s headquarters in Munich. The company has started a voluntary redundancy programme agreed with employee representatives, it said. BMW’s headquarters in Munich. The company has started a voluntary redundancy programme agreed with employee representatives, it said. Automotive industry BMW to cut ‘as many as 8,000 jobs’ under pressure from Chinese rivals Layoffs will come in admin and development divisions in Germany, with production operations unaffected
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in