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BMW Q2 earnings call: 8,000 job cuts announced, restructuring underway
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During BMW's Q2 2026 earnings call on July 30, 2026, CEO Milan Nedeljkovic and CFO Walter Mertl addressed analysts and journalists. The company announced job cuts, with reports of 8,000 positions being eliminated in Germany. Nedeljkovic outlined a broader reorganization of the business model and structures to achieve a more stable setup. Technology models will be revised, and partnerships are being explored. The call also highlighted BMW's difficulties in the Chinese market, echoing broader industry challenges. The Q&A session included questions from Reuters and other outlets, focusing on the scale and timing of the cuts and the company's strategic direction.
Source report
Bayerische Motoren Werke Aktiengesellschaft (BMW:CA) Q2 2026 Earnings Call | July 30, 2026 | 3:05 AM EDT
Company Participants
- Milan Nedeljkovic – CEO & Chairman of the Management Board
- Walter Mertl – Member of Management Board of Finance
Conference Call Participants
- Christina Amann
- Sebastien Ash
- Christof Rührmair
- Stephen Wilmot
- Felix Stippler
- Martin Hesse
- Tim Loh
- Andreas Höß
- Frank Volk
Presentation
Unknown Executive: Dear colleagues, welcome back to the second part of our earnings call. We will continue in German, but English translation is available. We look forward to your questions. As always, we will provide some technical remarks before taking the first question.
Ladies and gentlemen, we will now begin the Q&A session. [Operator Instructions] We will now take the first question.
Question-and-Answer Session
Unknown Executive: Our first question comes from Christina Amann of Reuters.
Christina Amann: Good morning to Munich. Welcome, Mr. Nedeljkovic. It was great to hear your speech.
Yesterday, you announced that jobs will be cut, and you said you would dive deeper into the topic. You mentioned a measure yesterday. Can you put a figure to it? What do we expect, and as of when?
What number of jobs are we talking about? Yesterday in Germany, we heard 8,000. Could you please confirm? And what about worldwide and China?
You also pointed out that the entire company will be reorganized — the business model and the structures — to achieve a more stable setup. Could you give us some details?
You mentioned technology models that will be revised. What will you focus on? What processes could be omitted? Where do you see possibilities for partnerships?
The other main topic is China. BMW has difficulties in China, just like others right now. What are your plans?
Source
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BMW to cut 8,000 jobs worldwide amid German auto industry crisis