Hyperdrive
Audi to Cut 9,500 German Jobs in Switch to Electrification
- VW unit tackles structural issues for the ‘challenges ahead’
- Designated Audi CEO Duesmann will be charged with revamp plan
Employees work on the Audi RS automobile assembly line in Neckarsulm.
Photographer: Martin Leissl/Bloomberg
This article is for subscribers only.
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
Audi plans to eliminate roughly 15% of its German workforce to lift earnings by 6 billion euros ($6.6 billion) as Volkswagen AG’s largest profit maker pushes ahead with a restructuring plan to help adapt to the costly transition to electric cars.