Tag: Porsche
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Porsche to axe one in five jobs by 2035 as China, EV woes bite
BERLIN: German luxury carmaker Porsche will cut around one in five jobs by 2035, with 9,000 positions to be axed in total, as parent Volkswagen and its brands restructure in the face of weak demand and stiff competition.In a deal announced on Monday (Jul 27) after months of negotiations, Porsche management an
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Porsche to bring Cayenne back to Leipzig – but only with pay cuts?
The Cayenne is set to return to Germany. But the planned move of production to Leipzig apparently comes at a high price: staff are expected to give up part of their pay. #EuropeNews
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