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Business · 1 hour ago

Porsche plans 4,000 more job cuts, Handelsblatt reports

Porsche plans 4,000 more job cuts, Handelsblatt reports

Volkswagen's restructuring plan includes over 4,000 additional job cuts at Porsche, according to German business daily Handelsblatt. The proposed layoffs are on top of 9,000 already agreed, bringing total cuts to around one in five employees by 2035. The job cuts address an overhead shortfall of about €700 million at the sports car brand.

Reported by news.az · How we write briefs

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