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UPDATE 1-BMW CFO wants to cut 5,000-6,000 jobs by 2022 - Manager Magazin

Thu, 19th Sep 2019 15:02

* Ilka Horstmeier a favourite to head human resources -magazine

* Milan Nedeljkovic to take over production - magazine(Updates with no comment from BMW, background)

FRANKFURT, Sept 19 (Reuters) - BMW's finance chiefNicolas Peter wants to cut between 5,000 and 6,000 jobs by 2022,mostly at the carmaker's Munich headquarters, a German magazinereported on Thursday.

Manager Magazin also said that Ilka Horstmeier was afavourite to head human resources, while Milan Nedeljkovic wouldtake over as head of production.

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

In August, Oliver Zipse succeeded Harald Krueger to becamechief executive officer, leaving vacant the production role hehad overseen.

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

(Reporting by Tom Sims; additional reporting by Joern Poltz;editing by Thomas Escritt and David Evans)

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