Porsche Shuts Down The Majority Of Its Battery Manufacturing Facilities
Porsche plans to close most of the operations of its Cellforce battery subsidiary, according to the German news agency dpa. According to dpa information, almost 200 jobs will be cut. Unlike Porsche employees, Cellforce workers are not guaranteed employment as part of the union’s agreement with the employer. An employment agency in the northeastern city of Reutlingen, near Cellforce’s headquarters, has been notified of mass layoffs, German media reports. Porsche CEO Oliver Blume has informed...