Job cuts at car manufacturer: received a severance payment offer? What you should know now

At the beginning of October, BMW launched a large-scale severance pay program. At the start, so many employees wanted to know what their departure was worth to the company that the system temporarily collapsed.

At the beginning of the week, BMW ended the program earlier than planned. All interested parties should find out by mid-November whether a termination agreement will be concluded or not. According to company sources, BMW plans to cut 8,000 jobs by the end of next year.

Other car manufacturers are also launching large programs: Mercedes-Benz is already starting the second round at the end of the year. In the first round, the group wrote to around 40,000 employees, and 5,500 employees are now said to have accepted the voluntary severance offer.

An offer like this raises many questions: As an employee, should you agree immediately or renegotiate? What is important in the small print? And what are the chances of getting a new job?