BMW plans to cut up to 6,000 jobs in Germany by 2022, as part of the automaker’s ongoing efforts to cut costs.
A report published on Thursday revealed that most of the Layoffs will take place at the headquarters of the car-maker, in Munich, next December.
The report also indicated that the head of research and development (R&D) Klaus Fröhlich is expected to leave office by summer for not yearning to operate with the company’s new CEO Oliver Zipse.
BMW has pledged to increase efficiency as part of an ongoing 12 billion euro savings program aimed at offsetting spending and introducing 25 models of electric vehicles.
Car sales in the European market fell sharply in August, a further sign of growing queries within the sector.
Recently, BMW has observed a shakeup of top managers .
Oliver Zipse succeeded Harald Krueger in August to became chief executive officer of the German giant, leaving behind his production role.
Moreover, the board member in charge of human resources Milagros Caiña Carreiro-Andree said earlier this week that she would not seek a new term.