German carmaker Audi has revealed it is to cut 9,500 of its 61,000 jobs in Germany by 2025 in a bid to free up money to invest in electric vehicles
: German carmaker Audi has revealed it will cut 9,500 of its 61,000 jobs in Germany by 2025 to free up funds to invest in electric vehicles.
The restructuring announcement emerged following talks between labor representatives and Audi. “The company must become lean and fit for the future,” Audi said in aOperational jobs will, however, be safe until 2029. Peter Mosch, chairman of Audi's General Works Council, said, “We have reached an important milestone: The jobs of our core workforce are secure! The extension of the employment guarantee is a great success in difficult times.
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