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Automakers

Audi will cut 9,500 German jobs in shift to electric vehicles

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By:
Jan Schwartz and Joern Poltz
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By:
Reuters
|
November 26, 2019 12:24 PM

MUNICH -- Audi plans to eliminate about 15 percent of its German workforce to lift earnings by 6 billion euros ($6.6 billion) as the automaker pushes ahead with a restructuring plan to help adapt to the costly transition to electric cars.

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