-+ 0.00%
-+ 0.00%
-+ 0.00%

BMW Targets 8,000 More Job Cuts in Fresh Cost-Cutting Drive

Barchart·07/29/2026 14:00:04
Listen to the news
BMW shares in Germany are down 36% so far this year, as the automaker's latest forecast downgrade was described by JPMorgan analyst Jose Asumendi as a "wake-up call for the auto industry." The outlook for BMW continues to deteriorate, with Bloomberg reporting that the automaker will begin a sweeping workforce restructuring in Germany this fall. Voluntary departures in Germany are expected to account for most of the roughly 8,000 positions BMW plans to eliminate globally, equivalent to about 5% of its workforce. The restructuring…