BMW to Cut About 8,000 Jobs in Germany Through Voluntary Exit Program

Overview

• BMW confirmed on Wednesday that it will offer a negotiated voluntary exit program in Germany expected to eliminate roughly 8,000 roles by the end of 2027.
• About 40,000 of the roughly 85,000 German permanent staff may be offered packages starting in October and the company assumes around 20% will accept the offer.
• The announcement follows second-quarter results released Thursday that showed a roughly 35% fall in pre-tax profit and a global sales volume decline driven by a c.30% drop in China deliveries.
• The package was agreed after six weeks of talks with the works council and IG Metall and excludes production roles while preserving collective-bargaining benefits.
• The move echoes wider change at German automakers facing high electrification costs and rising competition from Chinese carmakers and could shift costs, supplier demand and local jobs beyond BMW’s corporate offices.