Volkswagen: Audi plans to cut up to 9,500 jobs

(CercleFinance.com) - Volkswagen's premium unit Audi will cut up to 9,500 jobs through to 2025 as part of a transformation plan whose details were provided today.


The carmaker said that the job cuts will take place along the demographic curve, in particular through employee turnover and a new, attractive early-retirement program.

An equivalent percentage staff reduction will take place in management.

However, Audi will continue to recruit in the coming years, with plans to create up to 2,000 new expert positions in areas such as electric mobility and digitalization.

The board of management and employee representatives today reached a fundamental agreement under this plan, for which structural initiatives are expected to result in an accumulated earnings impact of around 6 billion euros by 2029.

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