Germany hosts its first investment summit in Berlin
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German Federal Government
Berlin, Germany
October 19, 2026
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BMW launches major voluntary redundancy program to cut 8,000 jobs
BMW has initiated a voluntary redundancy program targeting 8,000 job cuts by the end of 2027. The program aims to save one billion euros annually starting from 2028. Severance packages can exceed 650,000 euros for individual cases. The move is driven by declining sales in China and high cost-saving pressure.