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Audi to Cut 7,500 Jobs in Germany by 2029 in Major Restructuring

The company will invest €8 billion in German facilities and extend job guarantees to 2033 as it tackles financial challenges and declining sales.

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Flaggen wehen vor dem Hauptsitz des Siemens-Konzerns
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Das Audi-Forum in Ingolstadt

Overview

  • Audi's restructuring plan includes cutting 7,500 jobs in Germany, with 6,000 reductions by 2027 and the remaining 1,500 by 2029.
  • Job cuts will focus on non-production roles, such as administration and development, and will be implemented without forced layoffs.
  • The company has extended its employment guarantee to 2033 and plans to save over €1 billion annually through cost-cutting measures.
  • Audi will invest €8 billion in its Ingolstadt and Neckarsulm facilities, securing new production lines for the Q3 and an additional electric vehicle model.
  • The restructuring comes as Audi faces declining sales, particularly in China, and challenges in the electric vehicle market, with financial results for 2024 expected to show significant losses.