Audi to cut 7500 jobs in Germany by 2029

Audi has announced that it will cut 7,500 jobs in Germany by 2029 in areas like administration and development. This was agreed to by management and labour representatives. The planned layoff measures should save Audi 1 billion euros ($1.1 billion) per year in the medium term. The carmaker has also said that it was investing a total of 8 billion euros in its German sites in the coming four years