Car manufacturer BMW plans to cut around 8,000 jobs by late 2027. The German auto giant will begin the “voluntary reduction program” by offering buyouts to personnel in research, development, and planning. BMW CEO Milan Nedeljkovic is expected to announce the voluntary reduction program at a staff meeting this week, some of the sources said. German Chancellor Friedrich Merz admitted earlier this month that Germany’s “ongoing energy crisis [was] due to the lack of Russian gas.” Several countries are experiencing the beginnings of an energy crisis.