Porsche is cutting another 5,000 jobs. Total layoffs now approach 9,400.

Porsche will cut another 5,000 jobs by 2035 under a second restructuring package agreed between management and labour representatives. The cuts come on top of 3,900 job reductions and an additional 500 announced by CEO Michael Leiters earlier this year, bringing total planned layoffs close to 9,400. The Volkswagen subsidiary described the reductions as “socially […] This story continues at The Next Web