BERLIN (Reuters) - Audi on Tuesday announced a major restructuring scheme, slashing around 9,500 jobs until 2025 in an effort to adopt production to the e-mobility era and achieve billion-euro cost savings.
“The resulting savings of around 6 billion euros will secure the strategic operating profit margin corridor of 9 to 11% and will be invested in projects of the future such as electrification and digitalization,” the company said in a statement.
Audi said that the cost savings would be achieved by 2029.
Reporting by Joern Poltz, writing by Tassilo Hummel
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