Audi strikes deal with workers to cut 9,500 jobs

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.

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