Audi to Lay Off 7,500 Jobs by 2029 Amid Cost-Cutting Measures

Reported about 15 hours ago

Volkswagen's Audi plans to reduce its workforce by up to 7,500 jobs in Germany by 2029, focusing on administration and development roles, as part of a cost-cutting initiative aimed at saving €1 billion annually. This reduction is part of a larger trend within the Volkswagen Group, which anticipates nearly 48,000 job cuts across its brands. Despite previous workforce reductions to support a shift to electric vehicles (EVs), Audi has struggled with declining sales and margins, prompting these new measures while also promising investments in new electric models.

Source: YAHOO

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