Audi is reducing its workforce by 7,500, the latest example of dramatic changes roiling the global autos industry.
The German premium car brand announced Tuesday that it would cut 9,500 jobs by 2025, or roughly 10% of its global workforce. At the same time, it will create 2,000 jobs focused on electric mobility and other new technology.Audi, which is owned by Volkswagen , said the job cuts would be achieved through turnover and retirement. It guaranteed jobs for its remaining workers through 2029. The changes will free up €6 billion over 10 years that Audi plans to invest in the cars of the future.
The group, which also owns Porsche, Bugatti, Skoda and Lamborghini, is spending tens of billions of dollars to make an electric or hybrid version of every vehicle in its lineup, and it plans to launch 70 new electric models by 2028.Audi will play a major role in that transformation. The brand has launched its first electric SUV, the e-Tron, which is made at a plant in Brussels that used to churn out small cars powered by fossil fuels.
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