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

By:

Jan Schwartz and Joern Poltz

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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