Audi plans to cut 7,500 jobs as the German car maker scrambles to find money to fund the “challenging transition to electric mobility”.
The manufacturer, which is owned by Volkswagen, on Monday announced plans to axe around 8pc of its workforce by 2029. The job cuts are part of a series of measures aimed at saving €1bn (£840m) a year.
Audi said: “The economic conditions are becoming increasingly tougher, competitive pressure and political uncertainties are presenting the company with immense challenges.”
