Audi Faces Potential Job Cuts Amid Financial Struggles

The automaker is in talks with its workers' representatives to address economic challenges while maintaining a job security agreement until 2029.

Audi is considering cutting approximately 4,500 jobs in Germany, primarily in non-production areas such as development.
Despite the job security guarantee until 2029, economic conditions have prompted discussions between Audi's management and the workers' council.
The company's third-quarter profits plummeted by 91%, attributed to decreased sales and high costs related to the potential closure of its Brussels plant.
Audi aims to enhance efficiency and competitiveness, with selective hiring practices in place.
The automaker has faced delays in new vehicle launches, notably the Q6 e-tron, due to unfinished software development.