BMW is cutting back on staff bonuses in Germany as it faces the costly transition to electric and self-driving. The luxury carmaker says it reached an agreement with employees that would reduce payouts, potentially by about 20%, but would help “avoid drastic measures that others are taking to reduce their costs”. Yesterday, it was reported that Audi will shed 9,500 jobs in Germany by 2025 in a bid to save €6 billion as it shifts its focus to electric vehicles.
BMW to Cut Staff Bonuses in Electric-Car Savings Push https://flip.it/TFNfMG #bmw #electriccars #electricvehicles #motoring Casualties of the ongoing transition towards electrically powered vehicles... At least BMW isn't letting go of staff like Audi, not yet anyway!
Technology. Audi plans to cut 9,500 jobs in Germany by 2029 to switch to electric cars. This iconic decision evidences the rise of electric cars. We also see the race for electrification around the world. Audi's strategic decision is almost right in time, however, they will need to switch to it even faster to meet the global competition. #Audi #strategy
An economist by profession with wide commercial experience, including 20 years in the automotive industry. An alumni of the Harvard Business School (OPM53), and Macquarie University (MA Econ Hons)
A sign of things to come. The new EV will drive efficiencies in production and also maintenance. The future is already here.
In a further push to the extreme, #German #Automaker #AUDI announces job cuts. #bleak outlook for manual jobs. #jobcuts #Audi on Tuesday said it would cut one in ten #jobs, freeing up #billions of #euros to #fund its shift towards #electric-#vehicle production. #Audi said it would #cut up to 9,500 #jobs, or 11 percent of its total staff by 2025, saving 6 #billion #euros ($6.61 billion), but would also create up to 2,000 new positions in the areas of #electric #mobility and #digitalization.