Turbulent times at Porsche $P911 (+0,35%) The sports car manufacturer is planning to cut around 1900 jobs by 2029, primarily at its headquarters in Zuffenhausen and Weissach. Despite the employment guarantee until 2030, the company is relying on voluntary redundancies to make the cuts socially responsible. 💼⚠️
These job cuts are in addition to the savings made by temporary employees whose contracts expire in 2024. Porsche has to deal with weak business in China and a tense relationship within management. In the midst of these challenges, Porsche recently announced its intention to focus more on combustion engines again, which could lead to additional costs of up to 800 million euros. 🔧💰
A significant change of course, as Porsche originally pursued one of the most ambitious e-car strategies. ⚡🚗 #Porsche
#Stellenabbau
#Automobilindustrie
#EAuto
#Umstrukturierung
