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.
Why it matters
The move reflects the broader struggle of traditional European automakers to remain competitive against the rapid rise of Chinese EV technology and market dominance.
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
Prefer the Guardian on Google BMW is planning to cut as many as 8,000 jobs in Germany , according to reports, in the latest sign of Europe’s largest carmakers reducing costs under pressure from Chinese rivals.
The Munich-headquartered company has started a voluntary redundancy programme agreed with employee representatives, a BMW spokesperson said on Wednesday.
The company and its works council had agreed a severance programme targeting the administration and development divisions, the spokesperson said. Production operations are excluded.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in