In Germany, BMW has reached an agreement with labor regarding various measures intended to reduce costs over the next few years. The goal of both parties is to achieve savings of at least $13.23 billion by 2022, while avoiding “drastic” actions. In order to save money, the parties agreed on a payout scheme for workers, and alterations to current annual bonuses. These measures are in response to the general auto industry decline currently realized by car manufacturers.
See "BMW management and labor reach agreement to cut costs", Tom Sims, Reuters, November 27, 2019