🟢 Porsche is trading 4.1% up today on restructuring plan to cut 5,000 jobs

Porsche is trading 4.1% up at €46.68 after unveiling a major restructuring plan that will cut 5,000 jobs by 2035.

• The company aims to address weak sales and high EV costs through natural attrition and voluntary severance packages.
• Investors are reacting positively to the disciplined cost-control measures, which include extending employment and site protection for German locations.