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

The company extends employment guarantees to 2033 while investing €8 billion in German plants to support future growth.

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

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.