BMW has announced plans to lay off around 8,000 employees in Germany by 2027, according to reports from Berlin.
Germany’s auto sector is facing intense pressure due to the high costs of electric vehicle development, stiff competition from China, and additional tariffs imposed by the United States. In this backdrop, other major carmakers such as Volkswagen and Mercedes-Benz have already moved toward workforce-reduction agreements.
BMW, headquartered in Munich, currently employs about 150,000 people worldwide. The planned cuts are expected to affect its Germany operations over the next few years.
A company spokesperson said the downsizing will target administrative and research-and-development divisions, based on an agreement reached with the labour union. Production departments will be excluded from the job cuts.
BMW is also scheduled to release its second-quarter financial results today.
