Audi strikes deal with workers to cut 9,500 jobs

by SpeedLux
New Audi A8 images from Barcelona, July 2017

Audi on Tuesday announced a significant restructuring scheme, cutting around 9,500 jobs until 2025 in an effort to embrace production to the e-mobility era and gain billion-euro cost savings.

“The resulting savings of around 6 billion euros will safeguard the strategic operating profit margin corridor of 9 to 11% and will be invested in projects of the future such as electrification and digitalization,” the company stated.

Audi is among the world’s leading premium brands and remains a member of the Volkswagen Group since 1965.

Audi stated that the cost savings would be achieved by 2029.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More