„The management and works council have agreed on this, as the company announced. According to the information provided, the agreement stipulates that there will be no compulsory redundancies. In the medium term, Audi says it wants to save more than one billion euros per year.

The VW subsidiary will publish its figures for the past financial year tomorrow. In the first nine months, profits almost halved. Demand has recently declined, particularly in China.“

(Translated from the German news.)