BMW makes five
BMW on Wednesday became the fifth German carmaker to announce major job cuts, as the country's auto sector seeks to tackle rising competition from China.
The Munich-based firm said it would cut up to 8,000 jobs globally, representing about 5% of its 154,000-strong workforce.
BMW, which also owns the Mini and Rolls-Royce brands, said the job losses would primarily affect operations in Germany and be achieved through natural staff turnover and a voluntary redundancy program.
Although BMW was seen as more resilient to Chinese competition, the company warned last month that its sales in China were falling sharply.
