Porsche Could Face Another 4,000 Job Cuts, Handelsblatt Reports
The cuts would add to 5,000 layoffs agreed in July as Porsche faces a profit warning and a €700 million overhead gap, Handelsblatt reported.
9 Articles
9 Articles
According to the Volkswagen Group's large-scale restructuring plan, more than four thousand more jobs may be lost at Porsche, according to Handelsblatt on Saturday, after the sports car manufacturer's subsidiary was forced to issue a profit warning due to problems.
Europe's largest automaker is planning drastic cuts, which, according to a media report, are supposed to devour gigantic sums. Tens of thousands of jobs and several German plants are on the tip, while management hopes for a significantly higher return.
The reduction in staff at Porsche could be more drastic than known. According to a newspaper report, a supervisory board proposal for the parent company VW is to delete another 4000 additional jobs.
Porsche could face another 4,000 job cuts, Handelsblatt reports
BERLIN, Sept 19 (Reuters) - Volkswagen's sweeping turnaround plan foresees more than 4,000 further job cuts at Porsche, German business daily Handelsblatt reported on Saturday, following a profit warning linked to problems at the sports car subsidiar...
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