The wave of layoffs in the German automotive industry continues. As we previously reported, Volkswagen plans to lay off 100,000 employees. BMW has announced a similar move, planning to cut 8,000 jobs worldwide.
According to reports, this will be achieved through a voluntary severance program. According to Kronen Zeitung, the workforce reduction is expected to affect employees in administration, development, and management. Production line workers would be spared the cuts.
Reports of an expected downsizing program at BMW have been circulating since the middle of June. Late last year, it was revealed that former CEO Oliver Zipse would be replaced, with board member Milan Nedeljkovic. He had to announce that the corporate group “will intensify and accelerate ongoing cost reductions through further structural and efficiency-enhancing measures.”
