Channels TV· 1h ago· 1 min read
Premium carmaker BMW is to offer almost half its German staff voluntary redundancy in a bid to cut 8,000 jobs by the end of 2027, a company source told AFP Wednesday.
About 40,000 of BMW’s roughly 85,000 permanent German employees would receive the offers from October, the source said, adding that production line workers would be spared the cuts.
“The workforce will ultimately be reduced by around 8,000 people by the end of 2027,” the source said. “We’re planning on the basis of that.”
BMW employs about 154,000 people worldwide, and the offer would be open to German employees in desk-based roles, the source said.
The plan had taken about six weeks to negotiate between the board and BMW’s works council, the source added.
Suffering from slimmer margins from the sale of electric cars, US tariffs and above all intense Chinese competition,…
Continue reading at Channels TVDiscussion
Be the first to comment.
Never miss a headline
Get breaking Nigerian and world news straight to your inbox.
Related Articles
Meet the 14 Premier League’s tallest players of all times
just now
Read MoreA united APC will reclaim Oyo in 2027 general elections – Senator Alli
13m ago
Read More
Northern senators forum condemns Benue, Kaduna attacks that killed over 40 people
14m ago
Read MoreAbia Govt Posts Steady Progress In Health Care Delivery
15m ago
Read More
Video of Sam Larry showing off his legs after fatal crash stirs reactions online
16m ago
Read More
Stanley Nwabali shows support to Chiamaka Nnadozie after WAFCON 2026 nightmare
16m ago
Read MoreLatest in Top Stories
Zlatan Set To Marry Babymama Davita After Two Kids
Naija News · 18m ago
Tinubu’s 3rd year anniversary: Wike approves promotion of 3,592 FCT civil servants
PM News · 18m ago
Fubara Appoints Six Permanent Secretaries
Naija News · 18m ago
Lagos: CP decorates police doctor promoted to superintendent
Peoples Gazette · 19m ago
UEFA threatens World Cup boycott over FIFA investment plan
Blueprint · 19m ago
‘Political Tension In Osun Is Very Troubling’ – Ooni Of Ife
Naija News · 19m ago
WAFCON: Okoronkwo Reveals Why Malawi Defeated Super Falcons
Naija News · 20m ago
See the announcement the Italian government gave concerning the deadline for 2026/2027 study visa applications
Legit.ng · 20m ago
Most Read Today
‘Pretty bad’: Lewis Hamilton hits out at Ferrari after dropping points in F1 title race
The Guardian Sport · 3d ago
LeBron James officially joins 76ers on two-year contract | Report
Yahoo Sports · 2d ago
FIFA president under fire after letter to Argentina FA leaked
Vanguard · 3d ago
Troops rescue two kidnap victims in Taraba
Peoples Gazette · 2d ago
NNPCL’s N7.1tn question: Why transparency must follow the money
Vanguard · 5d ago
Prediction Indicates Rockies Will Keep Goodman
Yahoo Sports · 1d ago
Gary Stevenson to quit YouTube channel, citing health concerns
The Guardian Business · 3d ago
US stocks face tests from Fed decision, tech-led earnings deluge
Investing.com · 3d ago