Porsche management and labor reps had agreed to 5,000 additional job cuts that avoid compulsory redundancies.

Porsche agreed to cut 5,000 more jobs by 2035, on top of 4,400 already announced. The VW subsidiary went from profit driver to crisis case. €2.1B in factory investment secured.

Stuttgart (dpa) - Der Sport- und Geländewagenbauer Porsche streicht bis 2035 weitere 5.000 Stellen in der Region Stuttgart. Betroffen sind das Stammwerk in Stuttgart-Zuffenhausen…