Audi Concludes Fundamental Agreement With Works Council On Economic And Forward-Looking Realignment

source: Audi AG

  • Platform-oriented allocation of models to plants and optimized plant capacities to make German sites sustainably fit for the future
  • Job guarantee for AUDI AG employees agreed upon for the next decade
  • Positive impact on earnings totaling around 6 billion euros until 2029

A new era is dawning. Audi is taking sustained action for greater economy, flexibility and secure jobs. The Board of Management and employee representatives have reached a fundamental agreement within the framework of Audi.Zukunft. The decisions relate in particular to the optimization of production capacities at the two German plants and socially responsible workforce adjustments while extending job guarantee up to the end of 2029. The 6 billion euros thus generated will secure the strategic targeted return corridor of 9 to 11 percent and will flow into future projects such as electrification and digitalization. In this way, Audi.Zukunft will sustainably strengthen the competitiveness of the Four Rings and will make the company fit for the coming years. The agreement takes effect on November 29, 2019 and applies for the next ten years.