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Audi will slash 9,500 jobs to save $6.6 billion by 2029

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Audi on Tuesday announced a major restructuring scheme, slashing around 9,500 jobs until 2025 in an effort to adopt production to the e-mobility era and achieve billion-euro cost savings. "The resulting savings of around 6 billion euros will secure the strategic operating profit margin corridor of 9 to 11% and will be invested in projects of the future such as electrification and digitalisation," the company said in a statement. Audi said that the cost savings would be achieved by 2029.

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Audi will slash 9,500 jobs to save $6.6 billion by 2029 originally appeared on Autoblog on Tue, 26 Nov 2019 08:50:00 EST. Please see our terms for use of feeds.

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