Porsche closes 3 subsidiaries, cuts 500+ jobs in turnaround
Cellforce Group, Porsche eBike Performance, and Cetitec are all being shut down as the automaker pursues a strategic overhaul ...
Porsche to close three subsidiaries, about 500 jobs affected
Germany's struggling sports car manufacturer Porsche plans to close three subsidiaries as part of its efforts to "focus on its core business. " The affected units are battery specialist Cellforce ...
Porsche shutters e-bike, battery, software subsidiaries as part of company overhaul
More than 500 people will be affected by the closures. “We must refocus on our core business,” Porsche CEO and executive chair Michael Leiters said in a statement. "This is the indispensable ...
Autoblog
Porsche Cuts 500+ Jobs as It Refocuses on Sports Cars and SUVs
The German marque is shutting down three subsidiaries as it refocuses on its “core business.” Porsche is refocusing on core carmaking business amid shifting global market conditions. Three ...
Morningstar
Porsche Closes Three Subsidiaries With The Loss of 500 Jobs as Turnaround Efforts Continue
Porsche is doubling down on its strategic turnaround efforts by shedding further non-core assets, as its new chief executive looks to streamline the automaker and boost profit. The German luxury ...
Hosted on MSN
Porsche cuts board seat, closes units in major overhaul
Leadership changes: Porsche will cut its executive board to seven members, merging Car‑IT into R&D from July 1 under Deputy Chairman Michael Steiner. Subsidiary closures: Three units, including ...
Hosted on MSN
Porsche to cut 500+ jobs, close three subsidiaries
Major restructuring: Porsche will close three subsidiaries, affecting more than 500 jobs worldwide, as part of a strategic ...