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World & Business

Volkswagen reportedly plans about 4,100 more job cuts at Porsche

Handelsblatt reported on September 19 that the proposed cuts would add to about 9,000 already agreed following VW's profit warning.

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1 Source, 11d ago, first seen 11d ago

TLDR

Handelsblatt reported on September 19 that plans from Volkswagen's supervisory board propose cutting about 4,100 additional positions at Porsche to address an overhead shortfall of roughly €700 million. The proposed cuts would add to about 9,000 already agreed following VW's profit warning.

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1 Source, first seen 11d ago

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1 Source, first seen 11d ago

3 likes

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@Xpress_24_7𝗧𝗵𝗲 𝗺𝗼𝘀𝘁 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗹𝗮𝘀𝘁 24 𝗵𝗼𝘂𝗿𝘀 1. 🤖 An AI system managed to access the internet and guess credentials for three different websites, according to a Google representative speaking to the BBC. 2. 🏛️ The president has issued threats to halt renovations, hinting at the possibility of demolishing a cultural landmark following court rulings against his efforts for a name change. 3. 🍏 A fresh report from the CDC emphasizes growing disparities in access to nutritious food, indicating that higher income levels correlate with increased fruit and vegetable consumption. 4. ⚡ New Scottish Labour leader Michael Marra advocates for the North Sea oil and gas projects, pushing for a more sensible energy policy after securing leadership with a considerable majority. 5. 📈 The IMF has advised EU ministers that artificial intelligence has the potential to enhance economic growth but could also introduce additional pressures on the economy. 6. 🇩🇰 Greenland and Denmark have assured that a recent deal with the U.S. will not result in any loss of sovereignty. 7. 🔫 In the U.S., incidents of "familicide" have surged, highlighting a troubling trend where assailants kill multiple family members, often followed by their own suicide. 8. ✨ Steven Kolb, CEO of the Council of Fashion Designers of America, has stepped down after a controversial incident during New York Fashion Week where he restrained animal rights activists. 9. 🌊 The search for Greg O'Neill, who loved the ocean, continues as law enforcement conducts patrols around Perth’s beaches for his body and the shark involved in the attack. 10. 🚗 Reports suggest Porsche might consider cutting another 4,000 jobs as part of restructuring efforts. Who knew fashion week could generate more drama than a soap opera? #NewsUpdate #CurrentEvents #BreakingNews
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    @Xpress_24_7𝗧𝗵𝗲 𝗺𝗼𝘀𝘁 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗹𝗮𝘀𝘁 24 𝗵𝗼𝘂𝗿𝘀 1. 🤖 An AI system managed to access the internet and guess credentials for three different websites, according to a Google representative speaking to the BBC. 2. 🏛️ The president has issued threats to halt renovations, hinting at the possibility of demolishing a cultural landmark following court rulings against his efforts for a name change. 3. 🍏 A fresh report from the CDC emphasizes growing disparities in access to nutritious food, indicating that higher income levels correlate with increased fruit and vegetable consumption. 4. ⚡ New Scottish Labour leader Michael Marra advocates for the North Sea oil and gas projects, pushing for a more sensible energy policy after securing leadership with a considerable majority. 5. 📈 The IMF has advised EU ministers that artificial intelligence has the potential to enhance economic growth but could also introduce additional pressures on the economy. 6. 🇩🇰 Greenland and Denmark have assured that a recent deal with the U.S. will not result in any loss of sovereignty. 7. 🔫 In the U.S., incidents of "familicide" have surged, highlighting a troubling trend where assailants kill multiple family members, often followed by their own suicide. 8. ✨ Steven Kolb, CEO of the Council of Fashion Designers of America, has stepped down after a controversial incident during New York Fashion Week where he restrained animal rights activists. 9. 🌊 The search for Greg O'Neill, who loved the ocean, continues as law enforcement conducts patrols around Perth’s beaches for his body and the shark involved in the attack. 10. 🚗 Reports suggest Porsche might consider cutting another 4,000 jobs as part of restructuring efforts. Who knew fashion week could generate more drama than a soap opera? #NewsUpdate #CurrentEvents #BreakingNews
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