Frankfurt, Germany, July 18, 2025 (AFP) - Porsche warns workers of cost-cuts amid 'serious' situation

NAMPA / AFP

2025-07-18

German sportscar-maker Porsche told employees Friday to prepare for another round of cost-cutting in the latest blow to the country's embattled auto sector. Any further steps would come on top of the 1,900 job cuts the company announced in February while Volkswagen, Porsche's parent group, is already in the process of cutting 35,000 jobs by 2030. "Our business model, which sustained us for many decades, no longer works in its current form," Porsc......

Restricted content

Business & Finance News

New York, July 18, 2025 (AFP) - US stocks mixed as indexes struggle to retain record highs

2025-07-18 22:30:34

New York, July 18, 2025 (AFP) - Chevron closes Hess acquisition after winning legal fight

2025-07-18 18:30:53

Brussels, Belgium, July 18, 2025 (AFP) - EU, UK target Russian oil in tough new Ukraine war sanctions

2025-07-18 18:02:58

Mumbai, July 18, 2025 (AFP) - India's Reliance profits surge on one-time gain, strong consumer show

2025-07-18 17:36:41

London, July 18, 2025 (AFP) - UK joins new EU sanctions targeting Russia oil exports

2025-07-18 17:01:48

2025-07-18 17:01:46

Washington, July 18, 2025 (AFP) - US Fed official flags job market risks ahead of rate meeting

2025-07-18 16:31:31

Tokyo, July 18, 2025 (AFP) - US treasury secretary says Japan trade deal 'remains possible'

2025-07-18 16:31:29

Paris, July 18, 2025 (AFP) - Shareholders in Jeep owner Stellantis back new CEO

2025-07-18 15:31:17

San Francisco, United States, July 18, 2025 (AFP) - Gulf Air orders 12 Boeing 787 Dreamliners

2025-07-18 15:31:06

Brussels, Belgium, July 18, 2025 (AFP) - EU targets Russian oil in tough new Ukraine war sanctions

2025-07-18 14:01:40

Latest NAMPA photos

OSHAKATI, 09 July 2025 - Newly appointed governor Hofni Iipinge and former governor Elia Irimari during the welcoming ceremony of the governor on Wednesday. (Photo: Maria David)NAMPA

NAMPA

SWAKOPMUND, 08 July 2025 - T12 female sprinter, Ndapewa iipinge and guide Filipus Kotokeni while in action dureing the final of the 100 metres race and the Veneta Stadium during the African Union Sport Council (AUSC) Region Five Youth Games in Swakopmund. (Photo by: Hesron Kapanga) NAMPA

NAMPA

SWAKOPMUND, 09 July 2025 - T12 female sprinter, Ndapewa iipinge and guide Filipus Kotokeni while in action dureing the final of the 100 metres race and the Veneta Stadium during the African Union Sport Council (AUSC) Region Five Youth Games in Swakopmund. (Photo by: Hesron Kapanga) NAMPA

NAMPA

SWAKOPMUND, 09 July 2025 – One of the Namibian swimmers pictured ahead of a race during the African Union Sports Council (AUSC) Region Five Games, at the Cube swimming centre in Swakopmund. (Photo: Contributed)

NAMPA

WINDHOEK, 09 July 2025 - The Indian community in Namibia welcoming India’s Prime Minister, Narendra Modi in Windhoek. (Photo by: Eba Kandovazu) NAMPA

NAMPA

WINDHOEK, 09 July 2025 - The Prime Minister of India, Narendra Modi, arrived in Namibia on Wednesday for a one-day state visit. (Photo by: Eba Kandovazu) NAMPA

NAMPA

WINDHOEK, 09 July 2025 - The Prime Minister of India, Narendra Modi, arrived in Namibia on Wednesday for a one-day state visit. (Photo by: Edward Tenete) NAMPA

NAMPA

RUNDU, 08 July 2025 - The Chief Executive Officer of the Rundu Town Council, Olavi Nathael. (Photo: Contributed)

NAMPA