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Job Cuts – Daimler and Audi

Daimler on Friday announced plans to cut thousands of jobs across the globe by the end of 2022.

“The automotive industry is in the middle of the biggest transformation in its history,” Daimler said in a statement. (Reporting by Tom Sims, editing by Riham Alkousaa)

Chosen excerpts by Job Market Monitor. Read the whole story at Daimler to cut thousands of jobs worldwide by end of 2022 – Reuters

Audi Strikes Deal With Workers to Slash 9,500 Jobs

BERLIN — 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.

Chosen excerpts by Job Market Monitor. Read the whole story at Audi Strikes Deal With Workers to Slash 9,500 Jobs – The New York Times

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