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Twenty percent of its workforce by 2035: that is the scale of structural adjustment Porsche has put on the table, and it traces the pressure directly to significant challenges in the Chinese market.
A target of that size, set nearly a decade out, implies the company does not expect conditions in China to reverse quickly enough to make the cut unnecessary.
What the number tells you A 20% workforce reduction is not a trim. It is a recalibration of the company's cost base against a demand outlook that has been revised downward.
Porsche cited significant challenges in the Chinese market as the driver.
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