In its latest warning, BMW said its redundancy programme was moving faster than expected, resulting in bigger-than-anticipated severance payments for the final quarter of the year.
“The company intends to leverage the momentum generated by its workforce restructuring programme to expand its organisational and process realignment more quickly,” it said.
“The reduction in management functions will be implemented faster than announced.”
Strong demand for new models based on the firm’s Neue Klasse platform meanwhile meant the company would incur charges to bring in extra shifts, it said.
Car and motorbike deliveries for the year are nevertheless expected to fall more steeply than expected, BMW said.
Across its brands – which, apart from the namesake, include Mini and Rolls-Royce – BMW last year delivered a total of 2.46 million vehicles.
– AFP