BMW to Cut Around 8,000 Jobs Worldwide
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BMW plans to cut around 8,000 jobs worldwide by the end of 2027, mainly affecting office jobs and not production. The German automaker aims to reduce costs and improve competitiveness amid a crisis in the automotive industry, including weak demand in China and increased global competition. The job cuts will be made through natural attrition and a voluntary severance program in Germany, with the first departures expected this year. The program is expected to cost the company a three-digit million amount.
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