BMW: 6000 German jobs facing the axe - report

BMW could axe between 5000-6000 jobs in Germany, including some high-profile senior management figures, as it seeks to cut costs. A report in the influential German publication Manager Magazin says Nicholas Peter, BMW chief financial officer, could announce the job losses before the end of 2019, but they won't be fully realised until 2022. The company is currently undergoing a shakeup at the top, which kicked off when Oliver Zipse succeeded Harald Kruger as chief executive officer in August.