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Porsche head announces further cost-cutting programme for German firm

NAMPA / DPA
2025-07-18
Stuttgart (dpa) - Porsche chief executive Oliver Blume is preparing the sports car manufacturer's employees for another round of tough cost-cutting measures. "The situation remains serious, and the industry is developing very dynamically," Blume wrote in a letter to the workforce, excerpts of which were made available to dpa on Friday. "In the second half of 2025, employer and employee representatives will now negotiate a second structural packag......
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