BMW is preparing for significant staff reductions, potentially affecting thousands of employees.
BMW is launching a voluntary early retirement program for thousands of its German employees in order to become more competitive against Chinese manufacturers. The majority of the planned worldwide reduction of approximately 8,000 employees will come from layoffs in Germany, affecting roughly 5 percent of the company’s total workforce, according to Bloomberg.
BMW is launching a voluntary early retirement program for thousands of its German employees to become leaner and more competitive against Chinese manufacturers. The majority of the planned worldwide workforce reduction of around 8,000 employees will come from the German workforce, affecting roughly 5 percent of the entire workforce, according to Bloomberg.
