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BMW is offering voluntary severance packages to thousands of employees in Germany. The move forms part of a global plan to cut around 8,000 jobs, or about 5% of its workforce. The cuts will mainly affect staff in research, development and other corporate roles, while factory workers will not be included. BMW says it is responding to weaker demand in China, higher production costs in Europe and new US tariffs. Tune in to #eNCA #DStv403.
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BMW is offering voluntary severance packages to thousands of employees in Germany. The move forms part of a global plan to cut around 8,000 jobs, or about 5% of its workforce. The cuts will mainly affect staff in research, development and other corporate roles, while factory workers will not be included. BMW says it is responding to weaker demand in China, higher production costs in Europe and new US tariffs. Tune in to #eNCA #DStv403.
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