{"id":66196,"date":"2026-08-03T21:37:44","date_gmt":"2026-08-03T21:37:44","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/66196\/"},"modified":"2026-08-03T21:37:44","modified_gmt":"2026-08-03T21:37:44","slug":"bmw-to-cut-several-thousand-jobs-in-latest-blow-to-german-auto-sector-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/66196\/","title":{"rendered":"BMW to cut several thousand jobs in latest blow to German auto sector"},"content":{"rendered":"

BERLIN, July 29 (Reuters) – BMW (BMWG.DE), opens new tab<\/a> said on Wednesday it will cut \u200bseveral thousand jobs in Germany by the end of 2027 \u200cunder a voluntary redundancy programme, the latest German carmaker to axe staff in response to squeezed profits and weak demand.<\/p>\n

BMW’s severance programme, agreed between the company and the works council, targets the administration \u200band development divisions, with production operations excluded, a company spokesperson said.<\/p>\n

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According to a \u200bperson familiar with the matter, the total workforce is expected \u2060to shrink by around 8,000.<\/p>\n

The Munich-based group currently employs about 150,000 people \u200bworldwide.<\/p>\n

Volkswagen and Mercedes-Benz (MBGn.DE), opens new tab<\/a> have already struck agreements to cuts tens of thousands \u200bof workers, as Germany’s automotive sector comes under pressure from the costly shift to electric vehicles, intense competition from China and U.S. tariffs.On Monday, sports car maker Porsche (P911_p.DE), opens new tab<\/a>, part \u200bof the Volkswagen Group, ramped up its restructuring<\/a> to cut some 20% of \u200bstaff by 2035.\"AA worker assembles a BMW engine in the BMW engine factory in Steyr, Austria April 18, 2023. REUTERS\/Leonhard Foeger Purchase Licensing Rights, opens new tab<\/a><\/p>\n

Thousands of workers protested on Wednesday at the Neckarsulm plant of Audi, \u200canother \u2060Volkswagen brand. The site is one of four in Germany threatened with closure under Volkswagen’s restructuring plans.<\/p>\n

BMW, formerly seen as a somewhat steady hand among its peers, cut its profit outlook<\/a> in June for the current year, citing weaker-than-expected business in China<\/a>, where vehicle \u200bsales have fallen sharply \u200bin recent months.<\/p>\n

Chief \u2060Executive Milan Nedeljkovic subsequently said the automaker would accelerate and intensify ongoing cost-cutting efforts.<\/p>\n

On Wednesday, the CEO told \u200bstaff that the rules dictating industry had substantially changed \u200band with \u2060it the foundation of BMW’s business model, according to a participant at a workers assembly in Munich.<\/p>\n

Nedeljkovic warned of a challenging time ahead but said the \u2060measures \u200bwere important to ensure BMW becomes more profitable, \u200bthe source said.<\/p>\n

BMW is scheduled to report its second-quarter earnings on Thursday.<\/p>\n

Reporting by Christina Amann, \u200bwriting by Miranda Murray, editing by Sabine Wollrab, Thomas Seythal and Louise Heavens<\/p>\n

Our Standards: The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n

Purchase Licensing Rights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"BERLIN, July 29 (Reuters) – BMW (BMWG.DE), opens new tab said on Wednesday it will cut \u200bseveral thousand…\n","protected":false},"author":2,"featured_media":66197,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20955],"tags":[32445,24451,6213,32446,32447,7158,7141,32449,7171,36039,36032,49953,36041,49948,36036,49947,36048,49951,49955,49949,49962,38769,49961,49960,49959,49945,7205,7204,36050,49952,36043,36033,36051,49950,36035,49956,49954,36049,49946,7167,7160,7166,7203,3133,39095,24331,38776,49957,49944,49958,7156,38778,39093,36053,7208,32443,7207,7159],"class_list":["post-66196","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bmw","tag-aut","tag-auto","tag-bmw","tag-carm","tag-carm1","tag-ceeu","tag-cmpny","tag-cycs","tag-de","tag-destabn","tag-destabx","tag-destafa","tag-destbnx","tag-destcsa","tag-deste","tag-destef-business-world-at-work","tag-destfun","tag-destg","tag-destgns","tag-destlby","tag-destlita","tag-destocabsm","tag-destocor","tag-destoebec","tag-destoemp","tag-destolgrb","tag-destoukbsm","tag-destousbsm","tag-destpco","tag-destpge","tag-destpsc","tag-destrast","tag-destrbn","tag-destreulb","tag-destrnp","tag-destrws","tag-destrwsa","tag-destucdptest","tag-efbusiness-world-at-work","tag-emea","tag-europ","tag-ezc","tag-fin","tag-job","tag-layofs","tag-legal","tag-mtpix","tag-nrlinocor","tag-nrlpaoebec","tag-nrlpaoemp","tag-publ","tag-pxp","tag-ratiworkforce","tag-reuters-legal","tag-topcmb","tag-topicrati-strategy","tag-topnws","tag-weu"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/66196","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=66196"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/66196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/66197"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=66196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=66196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=66196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}