BMW offers severance packages you dream of – 3 million for resigning from work

BMW has initiated a voluntary departure program as part of a broader restructuring plan, aiming to reduce its global workforce by approximately 8,000 employees by the end of 2027. The program primarily affects administrative and development positions in Germany, excluding production workers. The proposed severance packages have sparked significant interest, with some employees reportedly offered over €650,000. BMW is incentivizing early departures with a 'Turbo Bonus' and additional benefits for older employees. The program saw overwhelming interest, leading to its closure for new applications shortly after launch. BMW's severance offers are notably higher than those from competitors like Volkswagen and Mercedes, as the company seeks to achieve annual savings of around €1 billion by 2028 through cost-cutting measures and increased automation.