November 26, 2019 / 12:06 PM / 13 days ago

Audi gives job guarantees in Germany until 2029 - sources

FILE PHOTO: The Audi logo is pictured on the new "Aicon" at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany, September 10, 2019. REUTERS/Ralph Orlowski

MUNICH (Reuters) - Volkswagen’s (VOWG_p.DE) luxury car unit Audi (NSUG.DE) has agreed to give employment guarantees until 2029 in its home-market Germany, two people close to the matter said.

Earlier on Tuesday, an Audi spokesman had said that talks with labour representatives on cutting costs were making progress.

Reporting by Joern Poltz; Writing by Arno Schuetze; Editing by Christoph Steitz

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