The German auto giant BMW has no plans to cut jobs if it abandons the production of cars with an internal combustion engine (ICE) and switches to the production of electric vehicles, Financial Times reported on Sunday, citing the head of the company, Oliver Zipse.

“We will not have job losses due to the transformation,” Oliver Zipse said. “At the end of the day, possibly already in this decade at our Munich plant, there will be fully electric production without anyone losing their job.”

Zipse noted that BMW is organizing training for its employees around the world in how to work with battery-powered models.

“It’s how you manage the transformation . . . a highly qualified workforce is able to adapt to almost any technology,” he said. “We want to keep our people because we are counting on their competencies.”