BMW to cut up to 8,000 jobs
BMW aims to cut up to 8,000 by the end of 2027, according to company sources. The German carmaker said the reduction would primarily target office jobs, while production line workers will be spared from cuts.
The Munich-based automaker hopes to achieve the cuts through natural staff turnover as well as a voluntary redundancy scheme. The latter would be aimed at all employees in Germany not directly involved in production, who could choose to accept severance packages in a period from October 2026 to the end of 2027.
The company currently employs 84,000 staff in Germany, and roughly 154,000 globally.
BMW is the latest German car company to announce job cuts, following similar moves by rival brands Volkswagen, Mercedes and Volkswagen-owned Audi. ALSO READ: Microsoft Identifies 40 Roles Under Threat Due to AI: Writers, Radio DJs Among Top Jobs
Germany prestigious car industry is struggling amid stiff competition from Chinese carmakers, US tariffs, and narrower profit margins from electric cars.
BMW was long considered one of the sector's more resilient players. The planned cuts come after the company warned last month that its sales in China were falling sharply.
