BMW can lay off up to 6 thousand employeesSeptember 24, 2019
Up to 6 thousand workers in Germany may lose their jobs, who will fall under reductions as part of the automaker’s plan to reduce costs.
It is reported that most of the cuts will take place at BMW headquarters in Munich, Germany. These events may coincide with the restructuring of senior management of the brand.
Klaus Fröhlich, the current head of research and development, is about to leave the Bavarian brand next summer because he does not want to work with the new CEO Oliver Zips. However, it is believed that the head of the supervisory board of the automaker Norbert Reithofer expresses the hope that Frohlich will remain.
It has recently been confirmed that BMW purchasing and engine expert Marcus Deusmann will leave BMW to become Audi’s new CEO. The current head of human resources, Milagros Cain Carreiro-Andre, also recently announced that she would not renew her contract.
“We use the reduction to further focus the company on the future and increase efficiency,” the company’s official announcement says.
BMW seeks to increase efficiency through its € 12 billion cost-cutting program, which aims to offset increased costs for the development and implementation of 25 electrified models. Of these vehicles, 13 will be plug-in hybrids. At the beginning of the next decade, BMW will also launch a pilot test program for autonomous Level 4 and Level 5 systems.
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