Autobauer: Teils 650.000 Euro und vergünstigte Autos: Internes Dokument zeigt Details zum Abfindungspaket bei BMW

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.