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German carmaker Porsche to cut around 1,900 jobs by 2029

The plan is to reduce the number of positions under an austerity program at the company's sites in Stuttgart and Weissach

BERLIN, February 13. /TASS/. Porsche intends to cut around 1,900 jobs by 2029, the German carmaker announced.

The plan is to reduce the number of positions under an austerity program at the company's sites in Stuttgart and Weissach.

Porsche is currently undergoing a crisis, which is driven by lower demand for its cars in China among other things.