Audi to cut 7,500 jobs in Germany by 2029

Audi will cut 7,500 jobs in Germany by 2029, representing about eight percent of its global workforce. The company cites challenges from slowing electric vehicle demand and increased competition from China as reasons for the layoffs. The job cuts will focus on administration and development, with no compulsory redundancies planned. Audi aims to save one billion euros annually while investing eight billion euros in its German sites to support the transition to electric vehicles. In 2024, Audi's deliveries of fully-electric vehicles fell eight percent, with a significant decline in the Chinese market. This follows Volkswagen's announcement of 35,000 job cuts at its VW brand in Germany by 2030.