The Munich-based automaker currently employs 150,000 people globally and joins rivals Volkswagen and Mercedes-Benz in a broader industry retreat. These companies are grappling with a complex shift toward electric vehicles alongside rising competitive friction from Chinese manufacturers and shifting U.S. trade policies.
CEO Milan Nedeljkovic emphasized the urgency of the restructuring during a workers' assembly in Munich, citing the need to protect profitability as automotive industry rules undergo a fundamental transformation. While the company prepares to release its second-quarter financial results this Thursday, the focus remains on streamlining operations to navigate a volatile global market.




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