BERLIN, March 17 (Xinhua) -- German luxury automaker Audi announced on Monday that it will slash 7,500 jobs in Germany by 2029, adding to a growing wave of layoffs across the country's auto industry as companies push to reduce costs and shift to electric vehicles.
Audi's job cuts will affect non-production roles, including administration, marketing and development. Along with further salary reductions, the move is expected to save around 1 billion euros (1.09 billion U.S. dollars) in labor costs annually in the mid-term, the Volkswagen subsidiary said.
