Belgium: Generous Audi severance deal

Audi's Brussels plant closure results in generous severance packages for 3,000 workers, ranging from €200K to €400K, setting a high benchmark for future job cuts in Belgium.

Key points: Audi's Brussels plant closure resulted in job losses for 3,000 workers. Severance packages range from €200K to €400K per worker. Payments include legal severance, additional €3,200 per year of service, and €35,000 lump sum

Why this matters: This generous severance package sets a high benchmark for future job cuts in Belgium, potentially increasing costs for employers considering workforce reductions1.

What might happen next: The Audi deal certainly sets a headline for a company thinking about cutting jobs in Belgium. So other companies may face pressure to match or come close to Audi's severance terms when restructuring their workforce in Belgium.