Automotive News Europe — 2024-11-07
Automotive Industry
Audi is looking to shrink its workforce by cutting jobs outside of production, with thousands of positions at risk, a German business magazine reported.
The job cuts will focus on so-called indirect jobs at the company, such as in the area of development, where over 2,000 jobs could go, Manager Magazin said.
Audi is targeting a reduction of about 15%. In Germany alone, this would impact 4,500 indirect jobs.
Audi confirmed to Reuters that the board of management was currently in negotiations with workers’ representatives but did not comment on the number of jobs that could be affected.
Audi saw a sharp fall in profit in the third quarter, partly due to high costs associated with the likely closure of its Brussels plant, which employs about 3,000 people, due to low demand for the Q8 E-tron.
Audi parent Volkswagen Group could close three plants in Germany as part of a cost-cutting drive.