Audi to Cut 7,500 Jobs in Germany by 2029 as Part of Restructuring
The automaker aims to save over 1 billion euros annually while investing 8 billion euros in German plants and securing extended employment guarantees.
- Audi will eliminate 7,500 positions in Germany, focusing on indirect areas like administration and development, with no forced redundancies until 2033.
- The company plans to save over 1 billion euros annually through voluntary workforce reductions, including early retirement and partial retirement programs.
- An 8 billion euro investment will be directed toward Audi's plants in Ingolstadt and Neckarsulm to support production of new vehicle models, including the next-generation Q3 and a new electric vehicle.
- The Betriebsrat negotiated key protections, including the insourcing of 1,000 previously outsourced jobs and the preservation of employee benefits such as wages and allowances.
- Audi's restructuring follows a challenging 2024, marked by a 33% profit drop due to weak demand in China, production delays, and broader industry pressures.