Reported about 11 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