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Premium carmaker Audi said Monday it will cut 7,500 jobs by 2029 in Germany, citing “immense challenges” as the country’s auto industry battles slowing electric vehicle demand and rising Chinese competition. The cuts — amounting to about eight percent of Audi’s global workforce — were aimed at boosting “productivity, speed and flexibility” at its factories … Read more
© 2024 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal InformationFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive … Read more
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