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6 hours ago

Porsche to Cut 5,000 More Jobs Amid China Slowdown and Weak EV Demand, Total Nears 9,000

Porsche to Cut 5,000 More Jobs Amid China Slowdown and Weak EV Demand, Total Nears 9,000

German automaker Porsche reportedly reached an understanding with labour representatives to downsize by 5,000 jobs amid faltering demand and rising competition. The additional job cuts come after the company recently decided to lay off 3,900... Read more.

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