When the restructuring was first revealed, it was estimated that 115 positions were at risk. However, negotiations between management and labor representatives resulted in a reduction of the impact, with alternative positions found for approximately 40 employees
Audi’s annual revenue also saw an 8% decrease, amounting to €64.5 billion. During a press conference, Chief Financial Officer Jürgen Rittersberger acknowledged the difficulties the company faced, particularly in maintaining operational efficiency
The job cuts come as the company faces mounting economic pressures in China, its largest market in the region. The slowdown in consumer spending, coupled with broader economic challenges, has significantly affected the brewer’s financial performance
The announcement came on Thursday, when the Mortsel-based company, known for its imaging and IT solutions across healthcare, industrial, and printing sectors, shared details of the restructuring plan with Belgian social partners at an extraordinary works council meeting
