BMW Q2 earnings call: 8,000 job cuts announced, restructuring underway

Published Jul 30, 10:23 AM UTC

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.