November 26, 2019 / 12:17 PM / 14 days ago

Audi to cut 9,500 jobs by 2025 - source

FILE PHOTO: An Audi logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy

HAMBURG, Germany (Reuters) - Volkswagen’s (VOWG_p.DE) luxury car unit Audi (NSUG.DE) is planning to cut 9,500 jobs by 2025, a person close to the matter said.

Audi declined to comment. But earlier on Tuesday, an Audi spokesman had said that talks with labour representatives on cutting costs were making progress.

Reporting by Jan Schwartz; Writing by Arno Schuetze; Editing by Kathrin Jones and Michelle Martin

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