Audi will cut up to 7,500 jobs by 2029 in areas such as administration and development, aiming to reduce the company’s costs.
According to the VW Group brand, the cuts are expected to save around €1.1 billion per year. Additionally, Audi plans to invest a total of €8 billion in its facilities in Germany over the next four years, primarily to finance the transition to electric vehicles.
“Audi needs to become faster, more agile, and more efficient”, said Audi CEO Gernot Döllner. “What is clear is that this will not be possible without making adjustments to the number of employees.”
The job cuts now announced at Audi raise the total planned layoffs across the VW Group to about 48,000. It is worth noting that the VW brand recently launched a cost-cutting program that involves a reduction of around 35,000 jobs, while Porsche plans to lay off 3,900 employees, and the software unit Cariad aims to reduce its workforce by about 1,600.
