[Germany] Audi plans €1 billion cut to personnel costs

The German carmaker Audi - part of the Volkswagen Group - is planning dramatic cuts to personnel costs which would save the business €1 billion annually, Nova News reports.

Company sources told  German business daily Handelsblatt that Gernot Doellner - Audi CEO - wants to cut jobs, eliminate additional benefits and outsource some services.

“Doellner intends to use the harsh austerity measures to make Audi more profitable, lean and efficient again,” the report stated.

The news comes as an Audi factory in Brussels intended as the “cradle” of the carmaker’s electric drive permanently shuts down production on February 28.

Source: Nova News reports.

The German carmaker Audi - part of the Volkswagen Group - is planning dramatic cuts to personnel costs which would save the business €1 billion annually, Nova News reports.

Company sources told  German business daily Handelsblatt that Gernot Doellner - Audi CEO - wants to cut jobs, eliminate additional benefits and outsource some services.

“Doellner intends to use the harsh austerity measures to make Audi more profitable, lean and efficient again,” the report stated.

The news comes as an Audi factory in Brussels intended as the “cradle” of the carmaker’s electric drive permanently shuts down production on February 28.

Source: Nova News reports.