Audi negotiate with the unions an adjustment plan which would involve 4,500 layoffs in Germany in the medium term in areas outside the company which are not linked to automobile production. According to the project envisaged by the automobile manufacturer of Volkswagen Groupthe planned reduction would be around 15% of the workforce, affecting divisions like the development zone, where more than 2,000 jobs could disappear.
The board of directors of the German luxury brand is in negotiations with unions over layoffs, as part of the cost-cutting plan that the Volkswagen group has launched to cope with the reduction in its sales due to the drop in demand on the Old Continent and on the Old Continent. entry of new Chinese competitors.
A context which led, at the end of the third quarter of the year, the automobile group to record a drop of 45.75% in its net profit at 2,425 million euros. Likewise, the turnover of the multinational over the period was 46.262 million euros, or 8.19% less than a year earlier. These figures are conditioned by the complex performance of the brand on the European market and the slowdown in China, where it recorded a turnover of 500 million euros, or 25.26% less than over the same period in 2023.
Audi plans layoffs in Germany
By region, deliveries to customers of the group’s brands decreased by 8.5% year-on-year in China (477,247 units) and 16.8% in USA (139,665 units). Meanwhile, in Europe It also reduced its sales by 9.8% (503,746 units).
However, for the whole of 2024, the company maintains its objectives unchanged, with a turnover of between 63 billion euros and 68 billion euros. It therefore continues to forecast an operating margin of between 6% and 8% and a net cash flow of between 2,500 and 3,500 million euros.
The CEO of Audi, Gernot Dollnerassures that the manufacturer is in the process of “restructuring” with the expansion and “rejuvenation” of the vehicle range to position the group for the future and accelerate in a “tougher” competitive environment.
