fromLondon Business News | Londonlovesbusiness.com
2 days agoPorsche to cut 500 jobs as luxury carmaker refocuses on core business - London Business News | Londonlovesbusiness.com
Porsche has announced plans to cut more than 500 jobs as part of a sweeping restructuring aimed at refocusing the German luxury carmaker on its core automotive operations. The company said it will shut several subsidiaries and scale back non-core ventures as part of what it described as "far-reaching measures" to streamline the business. The changes will see the closure or wind-down of Cellforce Group GmbH, Porsche eBike Performance GmbH, and Cetitec GmbH, affecting staff across Germany and Croatia.
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