Audi to slash 9,500 jobs

BERLIN – Audi in an announcement recently revealed about a huge restructuring scheme, slashing around 9,500 jobs till 2025 in an effort to adopt production to the e-mobility era and reach billion-euro cost savings.

“The resulting savings of around 6 billion euros will secure the strategic operating profit margin corridor of 9 to 11% and will be invested in projects of the future such as electrification and digitalisation,” the company said in a statement.

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The company shared that the cost savings would be achieved by 2029.