Even the website went down. BMW offers €650,000 for layoffs

BMW plans to increase its profit margin from 3% to 5% by reducing its workforce by 8,000 employees by the end of 2027. The company is offering severance packages exceeding €650,000 per employee, with additional bonuses for those who leave by May 31. This strategy aims to save €1 billion by 2028, with profit margins expected to reach between 8% and 10% after 2030. The new CEO, Milan Nedeljkovic, anticipates significant savings through this approach, which has already attracted a high number of employees seeking to take advantage of the offers, causing the application portal to crash.