Saturday 19/July/2025 – 02:42 PM
Oliver Bloom, CEO of Porsche Motor Company, has begun negotiations on another round of cost reduction measures to help the German auto company to face challenges in China and the dispute over US customs duties.
Porsche is preparing for cost reduction procedures again
According to Reuters news agency, Blum said: In the second half of 2025, employees and employees representatives will negotiate a second structural package to ensure the company’s long -term performance.
Blum wrote: Our business model, which has served us well for many decades, no longer works in its current form.
Blum, who had previously announced additional savings in March when the results of the automotive company for 2024 were provided, did not provide any details about possible savings procedures in the message.
Porsche, whose value was at first in the stock market in 2022, has decreased higher than the value of its mother company, Volkswagen AG, since then, where, in particular, suffers from a decrease in sales in China.
