Porsche plans to cut 1,900 jobs as profits slide
February 14, 2025
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 […]