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BMW to Accelerate Job Cuts Following Profit Drop in China

The German vehicle manufacturer faces falling demand and intense market competition in the country.

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  1. 0:01BMW has announced it will speed
  2. 0:04up planned workforce reductions following a
  3. 0:07drop in third-quarter profits.
  4. 0:09Chief Executive Officer Milan Nedeljkovic stated
  5. 0:12the company is prepared to cut
  6. 0:14jobs as needed amidst falling demand
  7. 0:17in China.
  8. 0:18Global vehicle supply for the manufacturer
  9. 0:21decreased by 6.3% over the
  10. 0:23third quarter.
  11. 0:25The firm will transfer a major
  12. 0:27portion of its supply chain for
  13. 0:29vehicles sold in China directly to
  14. 0:31the country.
  15. 0:32For the full story, visit wenepal.com.
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