Following a profit warning due to weak China business, BMW plans to discuss further cost reductions with its works council. Job cuts remain possible.
The Munich-based carmaker issued a profit warning on Tuesday evening and lowered its forecast for the current year. New CEO Milan Nedeljkovic announced plans to adapt structures and processes to tougher market conditions.
“The conversations between the company and the works council are in preparation,” a spokesman for the general works council told Reuters on Friday. Nedeljkovic stressed the need for speed and efficiency.
For 2026, BMW had already forecast a slight employment reduction of up to five percent. The company employed around 154,500 people at the end of last year.
