Savings Package Could Be Too Small: Are More Thousands of Jobs in Danger at Porsche?
7 Articles
7 Articles
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.
On Friday, German automotive giant Volkswagen lowered its forecast for the full year. This could hit Porsche hard, where another 4,000 jobs could disappear, Handelsblatt reports.
One of the largest companies in the car industry is preparing to fire thousands of people, in addition to the wave of redundancies that had already been established. Now, no less than 4,100 people will remain unemployed.
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