Audi Job Cuts

Audi Job Cuts

Audi is set to cut up to 9,500 jobs at its German factories by 2025 in order to save €6bn (£5.1bn) to invest in electric cars and digital technology.

Audi has said that the job cuts are part of its mission to “become lean and fit for the future”, but would be balanced out by other plans to hire 2,000 workers in “new expert positions in areas such as electric mobility and digitalisation”.

Bram Schot, Audi’s chief executive, said the cuts would make Audi more agile and efficient. “This will increase productivity and sustainably strengthen the competitiveness of our German plants.”

The job cuts, which equate to more than one in 10 of Audi’s total staff, come less than a fortnight after rival German luxury carmaker Mercedes-Benz said it intended to cut more than 1,000 jobs by the end of 2022 as it struggles to meet new tougher emissions targets.