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.