BERLIN — Audi on Tuesday announced a major restructuring scheme, cutting about 9,500 jobs until 2025 in an effort to adapt production to future electrification and achieve billion-euro cost savings.
“The resulting savings of around 6 billion euros will secure the strategic operating profit margin corridor of 9 to 11 percent and will be invested in projects of the future such as electrification and digitalization,” the company said in a statement.
Audi said that the cost savings would be achieved by 2029.