BMW to cut as many as 8,000 jobs in Germany under pressure from Chinese rivals

BMW has begun a voluntary redundancy programme agreed with its works council that could cover as many as 8,000 jobs in administration and development in Germany, according to reports; production is excluded. The company points to the technological transformation of the industry, geopolitical uncertainty, changing market conditions and developments in China, where domestic manufacturers have taken over the electric-vehicle market and launched a price war in what used to be a lucrative export market for European brands. The move follows Volkswagen's plan to shed up to 100,000 of its 650,000 staff and Porsche's total of 9,000 redundancies by 2035.

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