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 ...
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 ...
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 shift toward its core sports car and SUV business. Market pressures: Falling ...
Reuters
Porsche AG to cut over 500 jobs as it sharpens focus on core business
May 8 (Reuters) - Porsche AG (P911_p.DE), opens new tab said on Friday that it planned to ‌cut more than 500 jobs as it discontinues three subsidiaries to focus on core business. The company the units ...
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 ...