Porsche to Cut Additional 4,100 Jobs Amidst Volkswagen's Restructuring
Porsche, a subsidiary of Volkswagen, is reportedly considering cutting another 4,100 jobs, according to multiple sources. This comes as the Volkswagen Group aims to achieve an operating profit margin of only one percent by 2026. The cost-cutting measures at Porsche are part of the larger Volkswagen Group's restructuring plan, which includes job cuts and asset sales. Porsche CEO Michael Leiters has denied these reports, stating that there are no plans for further job cuts beyond the previously agreed 9,000 jobs.45 sourcesSee all sources


