BMW Plans Around 8,000 Job Cuts in Major Cost-Saving Drive
German carmaker BMW has reportedly agreed a voluntary redundancy programme targeting administrative and development roles as part of a cost-saving initiative.
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German carmaker BMW has agreed a voluntary redundancy programme targeting administrative and development roles as part of a major cost-saving drive, according to media reports. The initiative aims to reduce headcount by approximately 8,000 positions. However, the company has explicitly ruled out compulsory redundancies and any cuts to production jobs, Euronews reported.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.supports: Euronews