EMCC European Monitoring Centre on Change

BMW

Company/Organisation:
BMW

Geographic Location

Country: Germany

Company

Sector: Manufacturing
Manufacture of transport equipment
29.1 - Manufacture of motor vehicles
Number Employed: 126000
Group: BMW

Employment Effects

Announcement Date: 19-06-2020
Planned Job Reductions min: 6000
Planned Job Reductions max: 6000
Type of Restructuring: Internal restructuring
Employment Effect Start: 19-06-2020
Other Job Reduction Measures: 6000

Additional Information

German vehicle manufacturer BMW announced 6,000 job cuts in Germany. The company has agreed on a redundancy programme with the works' council. Redundancies are to be realised by voluntary measures, such as voluntary leaves, natural fluctuation and early retirement. In addition, the company plans to shorten the standard work time from 40 to 38 hours per week. This step became necessary after the demand for BMW's products shrank during the COVID-19 pandemic. Currently, there is no official information about restructuring's timeframe.

The manufacturer stated that it will continue its vocational training programme throughout the next years. In 2021, the company wants to employ 1,200 vocational trainees.

Currently, BMW employs 126,000 workers worldwide. 

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