Automotive industry News
BMW to Cut Up to 8,000 Jobs Globally by End of 2027
BMW plans to reduce its global workforce by up to 8,000 positions by the end of 2027. The cuts are expected to primarily affect operations in Germany, with measures including voluntary severance programs and natural attrition.
Porsche cuts 5,000 more jobs, extends guarantees to 2035
Porsche plans to eliminate an additional 5,000 positions, bringing the total job reductions to nearly 9,000. In exchange, the automaker is extending its employment security agreement until the end of 2035.
Porsche Profit Rises Despite Sales Decline
Porsche's profit increased in the first half of the year despite a decline in sales. The automaker is also intensifying its cost-cutting measures.
