Audi announced on Monday its decision to reduce its workforce in Germany by 7,500 jobs by 2029, which constitutes about eight percent of its global workforce. This measure is in response to significant challenges in the auto industry, including declining demand for electric vehicles (EVs) and heightened competition from China. The job cuts will focus on administrative and development areas, aiming to enhance productivity and reduce bureaucracy while maintaining a socially responsible approach. Despite these cuts, Audi intends to invest around eight billion euros into its primary German facilities to strengthen its transition to electric vehicles and expand production.
Audi's decision to cut 7,500 jobs aims to enhance productivity amid immense challenges in the auto industry, particularly with slowing EV demand and rising competition.
These cuts represent about eight percent of Audi's workforce and reflect the economic pressures and political uncertainties impacting the German automotive sector.
Despite job cuts, Audi plans to invest eight billion euros in its two primary German sites as part of its electric vehicle transition strategy.
The company's job reductions will be conducted in a socially responsible manner, ensuring there will be no compulsory redundancies among the workforce.
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