BMW 'plans to slash 8,000 jobs' in massive cost-cutting operation

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BMW 'plans to slash 8,000 jobs' in massive cost-cutting operation.

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BMW is set to axe thousands of jobs worldwide in a massive cost-cutting effort following negotiations with employee representatives.A company spokesperson confirmed that jobs would be lost by the end of 2027 through a voluntary redundancy programme.In a comment to Reuters, a spokesperson said the company and works council had agreed on a severance programme aimed at administration and development positions.Production operations are excluded, with a person familiar with the matter stating that the workforce is expected to be cut by around 8,000.

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TRENDING Stories Videos Your Say German outlet Süddeutsche Zeitung stated that one in 11 jobs in Germany could be lost in a bid to cut costs.BMW CEO Milan Nedeljković and the works council chairman, Martin Kimmich, are expected to present an agreement at a meeting later today.The German newspaper suggested that many of the job losses could be seen at the brand's Munich headquarters.It claimed that 40,000 employees around Germany are to be...

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