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BMW Layoffs: Luxury Carmaker to Cut 8,000 Jobs in Germany by 2027 Amid EV Transition
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According to multiple reports, BMW's workforce in Germany is expected to shrink by around 8,000 employees.
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BMW joins rivals Volkswagen and Mercedes-Benz, both of which have already reached agreements to reduce tens of thousands of jobs as part of broader restructuring efforts.
Earlier this week, Porsche, a subsidiary of Volkswagen Group, expanded its restructuring programme with plans to reduce its workforce by around 20 per cent by 2035.
Meanwhile, thousands of workers staged protests at Audi's Neckarsulm plant on Wednesday, opposing Volkswagen's restructuring plans that have put one of the group's four German production sites at risk of closure.