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5.7
Greggs to close four factories, cut 740 jobs amid shifting consumer demand
BBC NewsLO·GB·about 10 hours ago
BMW is accelerating cost-cutting by eliminating over 100 management positions, signaling expectations of subdued profitability for years. The move reflects structural pressure from collapsing demand in China and new US tariffs, which are reshaping the automaker's outlook. The scale of the cuts and the prolonged profit warning indicate a deeper, multi-year margin compression rather than a cyclical dip.
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