The cut represents some 8% of the carmaker’s global workforce. It is the latest blow to the German automotive industry, which is already reeling from a stuttering shift to electric cars and stiff competition from China.BusinessGermany
Germany: Auto giant Audi to slash 7,500 jobs from workforce

Audi said Monday it will cut 7,500 jobs in Germany, citing “immense challenges” as the country’s auto industry battles slowing electric vehicle demand and rising Chinese competition.

The slash in jobs, which will have been implemented by the end of 2029, amounts to around 8% of Audi’s global workforce and are aimed at boosting “productivity, speed and flexibility,” the German carmaker said in a statement.

“The economic conditions are becoming increasingly tougher, competitive pressure and political uncertainties are presenting the company with immense challenges,” Audi, a subsidiary of Volkswagen, said.

Management board chairman Gernot Döllner said that “there will be no compulsory redundancies up to the end of 2033. In difficult economic times, that is good news for all employees.”

The current job security program, which prevents compulsory redundancies, will therefore be extended until the end of 2033. It previously applied until the end of 2029.

Job cuts before 2029 are instead expected to come through voluntary redundancies and end of contracts.

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