BMW to cut ‘as many as 8,000 jobs’ under pressure from Chinese rivals

Layoffs will come in admin and development divisions in Germany, with production operations unaffectedBMW is planning to cut as many as 8,000 jobs in Germany, according to reports, in the latest sign of Europe’s largest carmakers reducing costs under pressure from Chinese rivals.The Munich-headquartered company has started a voluntary redundancy programme agreed with employee representatives, a BMW spokesperson said on Wednesday. Continue reading...