{"id":43146,"date":"2026-06-25T12:59:13","date_gmt":"2026-06-25T12:59:13","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/43146\/"},"modified":"2026-06-25T12:59:13","modified_gmt":"2026-06-25T12:59:13","slug":"bmw-prepares-worker-talks-after-profit-warning-and-china-slowdown","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/43146\/","title":{"rendered":"BMW prepares worker talks after profit warning and China slowdown"},"content":{"rendered":"<p><a href=\"https:\/\/bmwgroup.com\/\" target=\"_blank\" rel=\"noopener nofollow\">BMW Group<\/a> is preparing to enter discussions with employee representatives as the German automaker contends with a fresh profit warning, weakening China sales and rising costs tied to the Iran war.<\/p>\n<p>A Reuters report has revealed that the automotive giant will be setting up talks in the form\u00a0 of a works council in the coming weeks, although while challenges have been acknowledged, no specific mitigation measures have been outlined at this time.<\/p>\n<p>It has been announced that by the end of the year, BMW will have reduced its global workforce by five per cent, equating to around 7,700 jobs worldwide. This comes of the back of news earlier this month of BMW lowering its financial outlook for 2026 \u2013 with earnings before interest and taxes (EBIT) margin expected to come in at 1-3%, compared with prior guidance of 4-6% \u2013 \u00a0citing a worsening passenger vehicle market in China and the broader economic impact of the conflict in the Middle East.<\/p>\n<p>BMW said group profit before tax is expected to decline significantly from the previous year, a sharper drop than the moderate decrease previously anticipated.<\/p>\n<p>MW\u2019s shares plunged to a \u200bnear six-year low \u200bfollowing the \u2060announcement, in which new CEO Milan Nedeljkovic vowed to intensify structural cost-cutting. A \u200bcompany spokesperson told Reuters that these reductions would continue to occur through natural attrition rather than \u200blayoffs.<\/p>\n<p>The UK remains significant for BMW because of the MINI brand and manufacturing presence at MINI Plant Oxford. The profit warning itself has not indicated any announced changes to UK production. However, if BMW\u2019s cost-cutting programme deepens over the next year, it\u2019s possible that all manufacturing locations will come under scrutiny. At present, there has been no indication that UK plants are the primary focus.<\/p>\n<p>More on this story as it develops.<\/p>\n<p>For more articles like this, visit our\u00a0<a href=\"https:\/\/www.themanufacturer.com\/channel\/leadership\/\" target=\"_blank\" rel=\"noopener nofollow\">Leadership<\/a>\u00a0channel<\/p>\n","protected":false},"excerpt":{"rendered":"BMW Group is preparing to enter discussions with employee representatives as the German automaker contends with a fresh&hellip;\n","protected":false},"author":2,"featured_media":43147,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20955],"tags":[6213,666,21278,629],"class_list":["post-43146","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bmw","tag-bmw","tag-finance","tag-leadership","tag-trade"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/43146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=43146"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/43146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/43147"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=43146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=43146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=43146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}