Audi to cut 7,500 jobs in Germany
Volkswagen's Audi will cut up to 7,500 jobs in Germany by 2029, the premium carmaker said on Monday. Audi said the layoffs are coming because "economic conditions are becoming increasingly tougher" and "competitive pressure and political uncertainties are presenting the company with immense challenges". The plan is to achieve medium-term savings of over one billion euros annually, it said.