Key facts
- BMW will cut several thousand jobs in Germany by the end of 2027.
- The job cuts will occur through a voluntary redundancy program.
- Production operations are excluded from the program.
- The administrative and development divisions are targeted.
- The total workforce is expected to decrease by approximately 8,000.
Premium carmaker BMW announced on Wednesday that it will reduce its German workforce by several thousand by the end of 2027 through a voluntary redundancy program. The agreement, reached with employee representatives, specifically excludes production operations and targets the administration and development divisions.
According to a person familiar with the matter, the total workforce is expected to shrink by approximately 8,000 employees. This move follows BMW's June decision to cut its profit outlook for the current year, citing weaker-than-expected business in China where vehicle sales have recently declined sharply.