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International Business Times
International Business Times
Sport

German Sports Carmaker Porsche To Cut 1,900 Jobs

Porsche Germany China Volkswagen
The job cuts follow a three-percent fall in deliveries worldwide last year -- driven by a 28-percent drop in China (Credit: AFP)

Sports car manufacturer Porsche said Thursday it will axe 1,900 jobs after sales slumped in China and amid a tricky shift to electric vehicles, the latest blow for Germany's stalling auto sector.

The cuts will be made in the coming years in Germany, at the luxury brand's Stuttgart headquarters and the firm's nearby research centre, Porsche said.

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