BMW plans to cut several thousand jobs in Germany by the end of 2027 through a voluntary layoff program. The company is the latest major carmaker to reduce staff as the German car industry faces low demand, rising costs, and increased competition from China.
The company expects to cut about 8,000 jobs worldwide, with most of the reductions happening in Germany.
The voluntary layoff plan, agreed with employee representatives, will primarily affect office and development roles. Factory workers will not be impacted. BMW employs about 150,000 people worldwide. CEO Milan Nedeljkovic told staff that the industry has changed significantly and...