Monday, December 16, 2019Canada's Leading Online Business Magazine

Audi Cutting 7,500 Net Jobs

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CBJ — German carmaker Audi is cutting 9,500 jobs over the next five years as a part of a plan to make the company more sustainable as automobiles move into electric and autonomous.

Audi, a subsidiary of Volkswagen, has been lagging behind its other high-end German carmakers BMW and Daimler.

As the company moves towards electric and autonomous technologies, 2,500 new people will be added, resulting in a net loss of 7,500 jobs by 2025.

Audi currently employs about 90,000 workers worldwide.

@CanBizJournal

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