German sports car maker Porsche to cut 500 jobs
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Source: The Manila Times
Published: 2026-05-09 02:56 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Transport, Europe, Germany, Labour & Workers, Business & Economy
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Snippet:
FRANKFURT, Germany — Porsche said Friday it will close three subsidiaries, including an EV battery developer, with the loss of more than 500 jobs, in the latest sign of strains for the German luxury auto manufacturer.
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