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7,500 jobs to be cut at Audi over 4 years
- Audi, the German luxury carmaker, plans to cut 7,500 jobs in Germany over the next four years.
- The layoffs, which will primarily affect the administration and development divisions, account for around 14% of Audi's workforce.
- The factory workers will not be impacted by the job cuts.
- Audi aims to save $1.1 billion annually by implementing cost-saving measures.
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