Audi will lay off thousands of employees due to a drop in sales
The company is taking urgent measures to cut costs. Audi is to cut 15% of its workforce, which equates to around 4,500 employees.
The reason for this is the fall in profits: while the company earned 1.2 billion euros in the third quarter of last year, this year it has only earned 106 million - a fall of 91%.
The company is taking urgent measures to cut costs. Audi is to cut 15% of its workforce, which equates to around 4,500 employees.
The reason for this is the fall in profits: while the company earned 1.2 billion euros in the third quarter of last year, this year it has only earned 106 million - a fall of 91%.
Comments
Post a Comment