Porsche to cut 1,900 jobs in Germany after EV demand slumps
By: Bloomberg | Updated on: 14 Feb 2025, 08:25 AM Porsche is following Volkswagen’s lead in trying to whittle down its production costs in Germany, where labor and energy are expensive. Amid low demand for electric vehicles, German luxury car manufacturer Porsche plans to reduce headcount at two German sites through voluntary measures like early … Read more