Volkswagen’s Audi luxury brand has announced it will cut thousands of jobs over the next few years, in the latest sign of trouble in Germany’s auto sector.

Volkswagen AG’s Audi plans to cut as many as 7,500 positions in Germany by 2029 as the automaker tries to shore up its flagging profitability.

Audi, the luxury vehicle manufacturer operating under the umbrella of Volkswagen AG, has recently announced plans to lay off around 7,5000 officials in Germany by 2029. These job cuts will be in areas like administration and development,