Audi to Cut 9,500 Jobs in Germany -Handelsblatt

Date : 11/26/2019 @ 12:44PM
Source : Dow Jones News
Stock : Volkswagen AG (VOW3)
Quote : 179.14  -2.16 (-1.19%) @ 4:34PM

Audi to Cut 9,500 Jobs in Germany -Handelsblatt

Volkswagen (XE:VOW3)
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--Volkswagen's luxury car maker Audi plans to cut 9,500 jobs in Germany as part of a restructuring plan, German daily Handelsblatt reports, citing unnamed sources.

--Audi will rule out forced redundancies and plans to offer job guarantees for the remaining 50,000 employees at its core Ingolstadt and Neckarsulm sites, according to the report.

--The company plans to create 2,000 new jobs in other areas, Handelsblatt says.

 

Full story in German: https://bit.ly/2Dk71Wq

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

November 26, 2019 07:29 ET (12:29 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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