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Porsche CEO assures staff no further job cuts planned, according to memo
Source: reuters.com
Management & GovernanceAutomotive & EVCompany Fundamentals
Porsche CEO Michael Leiters told employees that the Volkswagen sports-car subsidiary has no plans for an additional 4,000 job cuts, according to an internal memo seen by Reuters. The statement reduces immediate concerns about a further large-scale workforce reduction but provides no broader financial or operating update.
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