Audi has announced plans to cut 7,500 jobs in Germany, representing approximately 8% of its global workforce, by the end of 2029. This decision comes in response to immense challenges within the auto industry, including declining electric vehicle demand and increased competition from China. Audi's management has stated that voluntary redundancies and the end of contracts will primarily facilitate these cuts, and they have extended job security measures to prevent compulsory redundancies until 2033, aiming to provide stability for employees during this transition.
Audi will cut 7,500 jobs in Germany by 2029 due to challenges from diminishing electric vehicle demand, intensified competition from China, and rising economic pressures.
Management board chairman Gernot Dollner assures no compulsory redundancies until 2033, extending job security programs to provide stability to employees during these tough economic times.
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