Audi to cut 7,500 jobs by 2029 Related news
Balazs Barabas
ISTANBUL Audi, a brand of German automaker Volkswagen Group, announced Monday that it will lay off 7,500 jobs in Germany in areas such as management and development until 2029, according to a press release by the firm. "The economic conditions are becoming increasingly tougher, competitive pressure and political uncertainties are presenting the company with immense challenges," it said. The manufacturer stated that it was investing a total of €8 billion (around $8.7 billion) in its German
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