Porsche CEO assures staff no further job cuts planned, according to memo
16 Articles
16 Articles
On the weekend, it has been reported that the German automaker Porsche plans to cancel 4000 more jobs, which would mean that a total of about 9000 people would lose their jobs. Chief Executive Officer Michael Leiters has now denied the "Handelsblatt" report.
The car manufacturer Porsche has denied a media report on the dismantling of additional thousands of jobs.
In a paper of the VW Supervisory Board there are simulation games for further job losses. Porsche CEO Leiters now internally rejects the recommendations from Wolfsburg.
Porsche CEO assures staff no further job cuts planned, according to memo
Porsche CEO Michael Leiters told staff there were no plans to cut an additional 4,000 jobs at the Volkswagen sports car subsidiary, according to an internal memo seen by Reuters on Monday.
Porsche, like most Volkswagen brands, is grappling with significant financial problems. One way to overcome the crisis is to reduce headcount. German media reports that the scale of the decision will be larger than planned.
Coverage Details
Bias Distribution
- 57% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
