The carmaker reportedly plans to slash its global workforce 5% by late 2027, with Germany accounting for most of the reductions
German auto giant BMW is planning to slash some 8,000 jobs globally by the end of 2027, according to several news media outlets, including Reuters and Bloomberg. German workers are expected to be particularly affected as the manufacturer is dealing with high production costs in Europe, as well as plunging sales in China, according to the reports.
The company allegedly offered buyouts to those in research, development, planning and other corporate departments as part of a deal aimed at pushing through with the plan. Factory workers would not be eligible for the deal, Bloomberg reported, citing sources familiar with the matter.
BMW CEO Milan Nedeljkovic is expected to announce a voluntary reduction program at a staff meeting this week, the sources said, adding that the scheme would be launched in October and run through 2027. The company will reportedly slash around 5% of its total workforce.
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