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Share Name Share Symbol Market Type
Volkswagen AG XE:VOW XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.80 -0.46% 172.15 172.45 172.15 176.85 171.70 175.85 26,150 16:45:00

Audi to Use Short-Time Work Due to Chip Shortage Until Mid-2022

07/09/2021 3:13pm

Dow Jones News


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   By Markus Klausen 
 

Audi AG will use short-time work until at least the middle of next year, as the German car maker expects the semiconductor shortage to continue into the next year and burden production.

In general, Audi continues to guarantee employment at its sites in Germany until 2029 as previously announced, its human-resources chief Sabine Maassen told The Wall Street Journal on Tuesday at the IAA Mobility motor show.

So far, around 16,000 of the Volkswagen AG subsidiary's employees at various locations have been affected by short-time work due to the chip shortage, she said.

 

Write to Markus Klausen at markus.klausen@wsj.com

 

(END) Dow Jones Newswires

September 07, 2021 09:58 ET (13:58 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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