Urgent.News

What's breaking now, across thousands of outlets.

Business

Autobauer: Bis zu 650.000 Euro und vergünstigte Autos: Was BMW in seinem Abfindungspaket bietet

Laut einem dem Handelsblatt vorliegenden Vertrag lockt BMW mit Privilegien für die Zeit nach dem Austritt. Manche erhalten sogar den Status „BMW-Rentner“, der mit Vorteilen verbunden ist.

Autobauer: Bis zu 650.000 Euro und vergünstigte Autos: Was BMW in seinem Abfindungspaket bietet

BMW, Germany's largest premium automaker, is facing a surge of interest in its severance package program. The program, which offers up to €650,000 and subsidized cars, initially experienced technical issues when it launched on October 8th. The Handelsblatt reported on the issue, after which employees began sharing details of the high severance payments.

Firsthand accounts from industry insiders reveal some individuals have secured severance payments exceeding €650,000. BMW spokesperson declined to comment on individual severance amounts. The severance package includes various options for payment, such as lump sum, installment payments, allocation to the employees' pension plan, direct insurance contributions, and combinations of these options.

The high severance amounts are attributed to BMW's cost-cutting measures and ambitious timeline under CEO Milan Nedeljkovic. The company aims to cut 8,000 positions by the end of the current year, and intends to save a billion euros annually starting in 2028. BMW employs a "double voluntariness" principle, requiring both the employee and the company to agree to the severance.

The severance program has faced high interest, leading to a technical glitch upon launch. As of now, BMW is working on processing the incoming requests. The primary reason for the significant reduction in China's sales is attributed to the weakening economy. In the third quarter, BMW's Chinese deliveries decreased by almost a quarter, impacting the company's overall performance.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

EU prosecutors asked to investigate advisory body

Allegations of a conflict of interest at European Economic and Social Committee have been sent to EPPO.

  • EU prosecutors to investigate EESC for corruption allegations
  • OLAF receives whistleblower report on conflict of interest
  • EESC president confirms immediate reporting to OLAF

More from Friday 16 October →