# BMW warns on profits as it absorbs costs of 8,000 job cuts

https://mins.news/en/item/128984

- The Guardian, 2026-11-04 11:58 UTC
- Economy
- Original: https://www.theguardian.com/business/2026/nov/04/bmw-warns-on-profits-counts-cost-plan-for-8000-job-cuts

> BMW cut its expected profit margin for the year to between -0.5% and 0.5%, citing restructuring costs that include 8,000 job cuts in Germany, as it faces competition from China. Third-quarter pre-tax earnings fell 11%, while sales in China dropped 22% in the first nine months.

## Related coverage

- [BMW posts lower Q3 earnings as China competition intensifies](https://mins.news/en/item/128859) — DW, 2026-11-04
- [BMW cuts automotive outlook for a second time as restructuring deepens](https://mins.news/en/item/127849) — Reuters, 2026-11-03