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BMW halts severance program after flood of applications

Original: bmw abfindungen

BMW has been forced to temporarily close its severance portal after an overwhelming number of employees applied to leave the company. The German carmaker's buyback offer drew such massive interest that the Munich-based group paused the program. Reports suggest BMW's leadership may need to rethink its restructuring plans and slim down its power center in Munich.

Why now: The huge demand for BMW's severance offers signals widespread job insecurity and makes the company's restructuring plans a hot topic in Germany.

BMWMunich

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Evidence

• Massives Interesse: BMW muss Abfindungsprogramm vorerst stoppen · BR
• BMW: Das Münchener Machtzentrum muss abspecken · Automobilwoche
• Ansturm auf Abfindungen: BMW muss Abfindungsportal kurzfristig schließen · T-Online

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