BMW is providing voluntary termination compensation programs to thousands of its employees in Germany to streamline the structure. According to people familiar with the matter, BMW expects that this reduction in German staff will account for most of its approximately 8,000 jobs around the world. This is the latest step in a series of restructuring measures for Germany's struggling automotive industry. People familiar with the matter revealed that this adjustment will target employees in R&D, planning, and other functional departments of the company, and that frontline factory workers are not covered. Since the relevant plans have not been disclosed, people familiar with the matter requested anonymity. They also said that as part of a larger layoff plan, BMW is also planning to streamline management in the next few months. People familiar with the matter said that BMW CEO Milan Nedeljkovic and trade union leaders will announce this voluntary separation plan at an all-staff meeting to be held in Germany on Wednesday. They said the program will begin in October and run until 2027. A BMW spokesperson confirmed that the company had reached an agreement with the trade union on the German business restructuring plan, but declined to comment further.

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