BMW is planning to cut several thousand jobs in Germany by the end of 2027. According to reports, the Munich-headquartered carmaker may cut as many as 8,000 positions as it seeks to become leaner to better compete with rivals from China.
A company spokesperson confirmed on Wednesday that BMW has started a voluntary redundancy programme agreed upon with employee representatives. Under this initiative, the company is offering voluntary severance packages to thousands of its workers.
The cuts will specifically target administrative, development, and desk-based roles, with about half of employees in these positions being offered voluntary redundancy.
BMW has ruled out compulsory redundancies and stated that production operations and production jobs will remain unaffected.