9/19/2019

Report: BMW Could Cut 6,000 Jobs in Germany

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BMW AG plans to shed as many as 6,000 workers in Germany by 2022, according to Manager Magazin, which cites no sources.

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BMW AG plans to shed as many as 6,000 workers in Germany by 2022, according to Manager Magazin, which cites no sources.

Most of the cuts, which are expected to be announced in December, will occur at BMW headquarters in Munich, according to the German business magazine.

BMW didn’t deny the report. But it tells Bloomberg News it will maintain last year’s employment level at least through 2019, even as it seeks to improve efficiency through employee attrition.

Yesterday, BMW announced that human resources chief Miagros Caina Carreiro-Andree is stepping down for personal reasons. She will be replaced by Ilka Horstmeier.

Meanwhile, Klaus Froehlich, currently head of research, is likely to leave the company next summer, according to Manager. The report says Froehlich is quitting because he doesn’t want to work with new CEO Oliver Zipse.

The magazine adds that Milan Nedeljkovic will become BMW’s head of production. That position has been open since last month, when Zipse was promoted to replace CEO Harald Krueger.