Savings Package Could Be Too Small: Are More Thousands of Jobs in Danger at Porsche?
11 Articles
11 Articles
The German sports car manufacturer Porsche could pick up 4000 more jobs. With the parent company Volkswagen, after the profit warning, there is growing concern that the previous savings package is not enough.
The previous austerity package, which should already affect thousands of employees, is probably not enough: a further 4,000 jobs could now be cut.
In 2026, the VW Group only expects a return on sales of one percent. According to "Handelsblatt", the savings measures at the Porsche subsidiary could be extended.
With Porsche the next hard cut threatens: After thousands of job cancellations already decided, another 4100 jobs could be eliminated, according to a report.
The sports car manufacturer Porsche was once a revenue bead in the VW Group. However, demand has dropped dramatically and the subsidiary forces the parent company VW to abandon its annual targets. According to a report, another 4000 jobs are on the tipping line.
Porsche-Boss Michael Leiters wants to present his strategy for the future at the beginning of October. At the same time, the concern grows that the previous savings package is not enough.
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