BMW will use AI to cut its divisions and management roles by 20% by mid-2027, with similar cuts at lower levels. The carmaker announced the plan at its capital markets day, alongside a margin target of 3% to 5% by 2028. CEO Milan Nedeljkovic said the restructuring will help BMW face fierce competition, as up to 8,000 white-collar jobs in Germany are affected. BMW will use AI to cut its divisions and management roles by 20% by mid-2027, with similar cuts at lower levels. The carmaker announced the plan at its capital markets day, alongside a margin target of 3% to 5% by 2028. CEO Milan Nedeljkovic said the restructuring will help BMW face fierce competition, as up to 8,000 white-collar jobs in Germany are affected.
Trending
- Dallas extends deadline for $409m Bank of America Plaza redevelopment plan
- North Carolina proposes restoring Roanoke River after 50 years of mill pollution
- SP to field third candidate in UP Rajya Sabha polls? How move would trigger contest with BJP
- Gold gets its festive shine back as lower prices lure Asian buyers
- In 2010, Elon Musk funded 108 solar panels and battery backup for an Alabama centre
- ‘I wanted to quit boxing’: Lovlina fights through tough year to script historic gold
- Pakistan forces kill 7 TTP militants amid rising violence along Afghan border
- Asian Games hockey official Sangha leaves Japan amid sexual misconduct complaints