BMW CFO Wants To Cut 5,000-6,000 Jobs By 2022

Oct 3, 2019Updated May 27, 20251 min read

BMW’s finance chief Nicolas Peter wants to cut between 5,000 and 6,000 jobs by 2022, mostly at the carmaker’s Munich headquarters, a German magazine reported on Thursday.

Manager Magazin also said that Ilka Horstmeier was a favourite to head human resources, while Milan Nedeljkovic would take over as head of production.

BMW, which declined to comment, has been undergoing a shakeup of top managers.

In August, Oliver Zipse succeeded Harald Krueger to became chief executive officer, leaving vacant the production role he had overseen.

On Wednesday, BMW announced that Milagros Caina Carreiro-Andree, the board member in charge of human resources, would not seek a new term, citing personal reasons.

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Mei Ling Tan

Contributor · RetailNews.asia

Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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