With the global slump in demand for new cars, it’s no surprise to see the auto industry starting to lean out production as well as personnel in a bid to dial down costs. This year has seen Ford and Nissan announcing plans for job cuts, and now, BMW is apparently planning to do the same.
According to German publication Manager Magazin, the automaker is set to cut as many as 6,000 jobs in Germany by 2022 as part of cost-savings efforts, Bloomberg reports. The original report indicates that many of the job terminations under the plan – which could be revealed at the end of the year – will be at the company’s headquarters in Munich, but did not cite sources.
The publication added that board member Klaus Frohlich, who is in charge of research and development, is expected to leave the company sometime next summer because he apparently does not want to work with new CEO Oliver Zipse, although supervisory board chairman Norbert Reithofer reportedly wants Frohlich to stay.
Responding to the Manager Magazin report, BMW said via a statement that it is “making use of attrition to focus the company even more on the future and to increase efficiency,” adding that it will continue to engage in recruitment in emerging segments such as autonomous driving and electric mobility.
In August, it was reported that the carmaker is aiming to cull a number of models and variants in its lineup as it makes the shift to electrification. It is also set to trim the number of engine and equipment variants that will be available for models.
The company is planning to save more than 12 billion euros (RM55.2 billion) from now until end-2022 to offset the increased spending to develop and introduce 25 electrified models. The new electromobility line-up was initially due out by 2025, but deployment has now been ramped up to 2023. More than half of the 25 models are set to be all-electric.
Looking to sell your car? Sell it with Carro.
Habislah Germany!
Lulz future automaker manufacturing with automation and robotics has disrupted the tranditional practices of labor intensive industry.
Sigh, 3rd world country ruler still thinks setting up new automaker will creates more job
Ohsem. Diss goin according to plan – sez
Merc geely volvo gruppe.
Man buy cars
Factory buy robots
Robots build cars
Man got sacked
Habislah Rebadging Perodua
Syukur rakyat Malaysia. P1 takde buang kerja…
Germans are clever. Not making money, the cut the jobs so that can make profit. Don’t be like our Proton, 20 years never make money but not even one of the 12,000 jobs got axed.
Wrong way of doing business. Cause someone has to pay your bills. Here, taxpayers foot your bills for 20 years.
Wow, a lot ‘facts’ you pulled from your behind as usual. Stop spewing lies and slander in Paultan. Practice your own words of keeping Paultan clean. Time to repent, tikus.
puih! don’t comment lah!
Why you feeling the heat? Are you tikus?
Bro, in the future, there are going to upgrade new technology and industrial revolution 4.0 to replace human workers to increase efficiency
Don’t worry, profit will increase definitely in the future
The rising sales of P1 causing mighty BMW slump.
Jangan syok sendiri. Proton mana ada jual kat germany??
Your mindset unfortunately is like katak under the tempurung. Proton had sold cars in Germany once before and still have an ardent fanclub of their rides.
It’s you who have the katak mindset. Proton doesn’t sell cars in germany anymore. Their past sales from donkey years ago have no effect on any other car manufacturers there.
You obviously failed to read the “had”.
Another game over syiok sendiri statement about P1. Proton may outsell BMW here but Proton does not even exist in German.
Sendiri taruh fitnah sekarang kata shiok sendiri. U bodoh ke?
Brader….brader lagi lah syok sendiri dan xde imaginasi plus terlalu lurus tak bertempat. Saya sarankan gunakan daya imaginasi supaya brader x jadi typical Malaysian mindset…tu sebab brader syok sendiri melompat tak bertempat. Pastu tambahkan hiburan dlm hidup supaya faham lawak kelas tinggi…muka tu jgn ketat je.
It’s not the end of the story but looking forward to be better in the future (peace world) compare to last year (trade war)
Well the trade war is not all to blame but adds to the effect of the world economy correcting itself every now and then.
It does not look good this 1 or worst 2 years to come as in Paultan we only read about automotive sector. Lots of company had to ‘restructure’ with up to 2 years plan.
LOL….. I am not surprised. The new BMW looks so crappy. The Mercs are selling well as they look so much better. You don’t hear Daimler Benz laying off staff.
Many ex-BMW owners are now happy Mercedes owners.
Mercedes service is bad
Worldwide, lots of reputable automobile manufacturers are consolidating and cutting workforce, but our old man is still insisting to start PROTON Version 2. What an irony?