Major cuts at Porsche: 500 jobs axed, e-bike division shut down

[Redaktion]

Sports car manufacturer Porsche is pulling the emergency brake and parting ways with three subsidiaries, leaving more than 500 employees without a job. The hardest hit is the e-bike development division, which is being completely shut down. Under CEO Michael Leiters, Porsche is refocusing on its core business to combat falling profits and weak demand.

https://www.notebookcheck.net/Major-cuts-at-Porsche-500-jobs-axed-e-bike-division-shut-down.1298672.0.html