BMW is set to lay off 8,000 employees as the German industrial crisis deepens. The problems stem from high energy costs following the phase-out of nuclear power and a green transition that is making it increasingly difficult to compete with countries such as China and India.
BMW plans to lay off 8,000 employees worldwide. The cuts are part of a restructuring program aimed at saving about one billion euros per year starting in 2028. The layoffs will begin in October of this year and are expected to be completed by the end of 2027 at the latest.
Climate hysteria is partly to blame
The decision is yet another sign of the growing crisis in German industry, particularly the automotive sector. Several factors are behind these problems: high energy costs, tougher international competition, and weaker demand. But a key part of the crisis is Germany’s energy policy.
Germany has shut down its nuclear power plants and become dependent on more expensive and less reliable energy sources. At the same time, the green transition—driven by both national policy and EU requirements—has made it significantly more expensive and complicated to operate industry in the country. As a result, energy prices have become a heavy burden for the manufacturing sector.
Asia doesn't care
While shooting ourselves in the foot with climate hysteria, we’re competing in a global market against countries like China and India, which couldn’t care less about the so-called climate threat. While German companies are burdened by high energy prices, strict climate regulations, and bureaucracy, their competitors in Asia can produce more cheaply and competitively.
BMW is far from alone. Volkswagen has announced over 100,000 layoffs, while both Porsche and Mercedes-Benz are implementing extensive cost-cutting measures and staff reductions. Critics argue that the aggressive phase-out of nuclear power and the rapid green transition have created a situation in which it has become increasingly difficult to operate a competitive manufacturing industry in Germany.
As companies sell fewer and fewer cars, they need fewer and fewer components produced by their suppliers.
Subcontractors across Europe are also being forced to lay off production workers.
It will be noticeable in Sweden as well.
I can predict right here and now that the globalists will try to recreate the crisis of the 1930s to trigger World War III, just as they did last time.
Just wait until they cut off power to the ATMs—the foreigners will go berserk right away.
I can kind of see it coming.
Thank you very much, THE GREEN SCAM; I hope it was worth it.
LONG LIVE NUCLEAR POWER.
Thanks to the climate witch Von der Liar for this. I agree with the above.
Unfortunately, most EU citizens are so stupid that they’ve voted for their own downfall, and those who have opposed this have been labeled right-wing extremists—a label many people are afraid of being called. I have no problem being called a right-wing extremist as long as I get a sensible system in this country.