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Maroc Maroc - NEWMOBILITY.NEWS - A La Une - 14/Feb 09:21

Porsche plans to cut 1,900 jobs as profits slide

Porsche plans to cut 1,900 jobs in Germany as part of cost-cutting measures to reverse sliding profitability amid weak electric vehicle demand and “challenging geopolitical and economic conditions.” The job losses will affect workers at Porsche’s main plant in Stuttgart-Zuffenhausen and its R&D site in Weissach. A year ago, Porsche CEO Oliver Blume lauded his decision to approve the Taycan electric saloon for production at his first-ever supervisory board meeting as CEO back in 2015. Continue reading at newmobility.news.

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