Porsche CEO assures staff no further job cuts planned, according to memo
13 Articles
13 Articles
In a paper of the VW Supervisory Board there are simulation games for further job losses. Porsche CEO Leiters now internally rejects the recommendations from Wolfsburg.
Porsche CEO assures staff no further job cuts planned, according to memo
Porsche CEO Michael Leiters told staff there were no plans to cut an additional 4,000 jobs at the Volkswagen sports car subsidiary, according to an internal memo seen by Reuters on Monday.
Porsche Shares Stay 2% Lower as CEO Rejects Report of 4,000 More Job Cuts
Stuttgart, September 21, 2026, 10:45 (CEST) Porsche preference shares traded 2.0% lower at €45.05 in Frankfurt.CEO Michael Leiters denied plans for another 4,000 job cuts.Volkswagen’s €6 billion Porsche impairment keeps the earnings debate open. Preference shares in Porsche AG (ETR:P911) traded 2.0% lower on Monday. The decline persisted after its chief executive rejected a report…
Porsche CEO Michael Leiters told staff that there are no plans for new layoffs.
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