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Porsche could face 4,000 additional job cuts in restructuring

Handelsblatt reports Porsche may cut a further 4,000 jobs as part of Volkswagen Group’s restructuring, on top of 9,000 previously planned reductions amid cost pressures and weakening demand.

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Porsche could cut a further 4,000 jobs as part of Volkswagen Group’s restructuring drive, according to German business daily Handelsblatt. The reported plan would come on top of 9,000 previously planned reductions as Porsche faces cost pressures and weakening demand.