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Audi To Cut 4,500 Jobs Amid 15% Workforce Reduction

Audi saw a sharp fall in profit in the third quarter, partly due to high costs associated with the likely closure of its plant in Brussels.

Emma AscottbyEmma Ascott
November 7, 2024
in News
Reading Time: 1 min read
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Audi To Cut 4,500 Jobs Amid 15% Workforce Reduction

A logo of Audi is seen outside an Audi car dealer in Brussels, Belgium March 13, 2023. REUTERS/Yves Herman/File Photo

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German automaker Audi is looking to shrink its workforce in the medium term by cutting jobs outside of production, with thousands of positions at risk, the Manager Magazin reported on Thursday.

The job cuts are to focus on so-called indirect jobs at the company, such as in the area of development, where over 2,000 jobs could go, the report said.

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It said the company is targeting a reduction of about 15%. In Germany alone, this would impact 4,500 indirect jobs.

Audi, a subsidiary of struggling auto giant Volkswagen, 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.

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Audi saw a sharp fall in profit in the third quarter, partly due to high costs associated with the likely closure of its plant in Brussels.

(Reporting by Christina Amann, writing by Rachel More, editing by Thomas Seythal)

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Source: Reuters
Tags: BusinesseuropeLeadershipWorkforce
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Emma Ascott

Emma Ascott

Emma Ascott is a contributing writer for Allwork.Space based in Phoenix, Arizona. She graduated from Walter Cronkite at Arizona State University with a bachelor’s degree in journalism and mass communication in 2021. Emma has written about a multitude of topics, such as the future of work, politics, social justice, money, tech, government meetings, breaking news and healthcare.

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