Like other established automakers, BMW is suffering at the hands of Chinese firms, and is looking to shore up its financial position by reducing headcount. A BMW spokesperson told Reuters the Bavarian automaker and its employee representatives have agreed to a voluntary severance program which will cut 8000 jobs by the end of 2027. The spokesperson said production jobs will be unaffected with severance only being offered in the administration and development divisions. Supplied Credit: CarExpertWith BMW currently employing around 150,000 globally, the job cuts will trim headcount by 5.3 per cent. BMW has already cut back spending in research and development.