Overview

• Audi plans to reduce 7,500 jobs in Germany by 2029, targeting indirect areas like administration and development, without forced layoffs.
• The first 6,000 job reductions will occur by 2027, with the remaining 1,500 by 2029, as part of a broader cost-saving initiative.
• The company aims to save over €1 billion annually and has committed to an €8 billion investment in its Ingolstadt and Neckarsulm plants.
• Employment guarantees have been extended to 2033, ensuring job security for remaining employees and avoiding compulsory redundancies.
• Audi's financial struggles include a 33% profit drop in 2024, reflecting challenges in sales and competition within the global auto industry.