Automotive industry: Severance program closed: Thousands want to leave BMW – not everyone is allowed to
The rush for the structural program of the car manufacturer is huge. So huge that it will now be ended prematurely. BMW is offering employees generous terms for their farewell.
BMW has closed its severance program, which was launched on October 8, after several thousand employees expressed interest in leaving the company. The automaker confirmed that it had reached its target, but did not disclose the number of employees who signed up. The program, which offered generous conditions including up to 650,000 euros in severance pay, was initially open to employees in indirect areas such as development and administration.
The program's closure comes as BMW aims to cut 8,000 jobs and save 1 billion euros annually by 2028.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
