Porsche Agrees to Cut 5,000 Jobs by 2035 in Restructuring Plan
German luxury automaker Porsche AG has agreed with employee representatives on a restructuring plan to cut 5,000 jobs by 2035, according to a joint statement from the automaker’s management and general works council cited by [Bloomberg](https://theins.ru/news/295371). The agreement protects the company’s core German sites and excludes forced layoffs, with reductions achieved through natural attrition, expanded … Read more