BMW CFO Wants To Cut Up To 6,000 Jobs By 2022 In Munich: Report

BMW's finance chief Nicolas Peter wants to cut between 5,000 and 6,000 jobs by 2022, mostly at the carmaker's Munich headquarters.

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BMW, which declined to comment, has been undergoing a shakeup of top managers.

BMW's finance chief Nicolas Peter wants to cut between 5,000 and 6,000 jobs by 2022, mostly at the carmaker's Munich headquarters, a German magazine reported on Thursday.

Manager Magazin also said that Ilka Horstmeier was a favourite to head human resources, while Milan Nedeljkovic would take over as head of production.

BMW

BMW Cars

BMW, which declined to comment, has been undergoing a shakeup of top managers.

In August, Oliver Zipse succeeded Harald Krueger to became chief executive officer, leaving vacant the production role he had overseen.

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On Wednesday, BMW announced that Milagros Caina Carreiro-Andree, the board member in charge of human resources, would not seek a new term, citing personal reasons.



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