BMW to Cut 8,000 Jobs Group-Wide, Unclear If Motorrad Will Be Affected

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BMW Group has agreed with its Works Council on voluntary severance affecting about 8,000 employees, roughly 6% of its workforce, after total revenue fell 28.5% and profit dropped by about EUR1 billion. While automotive sales fell around 7.5%, BMW Motorrad's decline was a much milder 3%, and it remains unclear whether the motorcycle division will be affected by the cuts.