BMW Plans to Cut 8,000 Jobs

According to a report, the measure will be implemented as follows: approximately 40,000 employees will be offered voluntary separation packages, and if the required number of volunteers comes forward, there will be no additional forced layoffs. This reduction is scheduled to be completed by the end of next year.

It is worth noting that BMW employs a total of about 85,000 people at its German factories and offices, while globally the figure is just over 150,000; the planned round of layoffs may be the first, but it will certainly not be the last, as German automakers seek to cut costs in an effort to at least try to weather the crisis.

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