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 ...
Porsche Closes Three Subsidiaries, With The Loss of 500 Jobs as Turnaround Efforts Continue
The sports-car maker is doubling down on its strategic turnaround efforts by shedding further non-core assets, as its new chief looks to streamline the automaker and boost profit.
TimesLIVE
Porsche to cut 500 jobs in business refocus
Porsche said on Friday that it planned to cut more than 500 jobs as it discontinues three subsidiaries to focus on core business. The company’s units, Cellforce Group, Porsche eBike Performance and ...
Iconic car brand to axe more than 500 jobs and shut down THREE divisions in ‘painful’ move
AN ICONIC car brand has announced plans to axe over 500 jobs as it shuts down three subsidiaries to “focus on its core business”. The “painful” move is part of an overhaul ...
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 ...
Porsche AG to Cut Over 500 Jobs as It Sharpens Focus on Core Business
Porsche ⁠AG ⁠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 ​Cellforce Group GmbH, Porsche eBike ...
The Manila Times on MSN
German sports car maker Porsche to cut 500 jobs
FRANKFURT, Germany — Porsche said Friday it will close three subsidiaries, including an EV battery developer, with the loss of more than 500 jobs, in the latest sign of strains for the German luxury ...
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 ...
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 ...