Cellforce, e-bikes and software: Porsche cuts 500 jobs in subsidiaries:
To improve the sports car manufacturer's dire situation, management is divesting ...
manager-magazin.de/unternehmen/autoindustrie/porsche-ag-cellforce-und-e-bike-produktion-werden-eingestellt-500-beschaeftitgte-betroffen-a-2e5adacd-2caa-4880-ac88-68592c5b2fe8
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German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans, owned by Volkswagen AG
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Cellforce: Works council raises allegations: The works council of the Porsche subsidiary Cellforce, based in Kirchentellinsfurt, is dissatisfied ...
tagesschau.de/inland/regional/badenwuerttemberg/swr-cellforce-betriebsrat-erhebt-vorwuerfe-100.html
"Painful cuts": Porsche closes subsidiaries and fights for survival in its core business
op-online.de/wirtschaft/schmerzhafte-einschnitte-porsche-schliesst-drei-tochterfirmen-zr-94301644.html
Porsche AG: Tabula rasa: Porsche is focusing on its core business and closing three subsidiaries, resulting in the loss of 500 jobs.
deraktionaer.de/artikel/mobilitaet-oel-energie/porsche-ag-tabula-rasa-20400654.html
Cellforce in Kirchentellinsfurt shuts down completely - | Business news - | Reutlinger General-Anzeiger - | gea.de
gea.de/neckar-alb/wirtschaft-in-der-region_artikel,-cellforce-in-kirchentellinsfurt-macht-komplett-dicht-_arid,7153500.html
Porsche is focusing on its core business - | 500 jobs affected: New brooms sweep clean? In light of the crisis at home, the new Porsche CEO, Michael Leiters ...
nzz.ch/wirtschaft/drei-porsche-toechter-vor-aus-etwa-500-jobs-betroffen-ld.10006485
Key FactsPorsche and Festo Implement Major Workforce Cuts
May 8, 2026 · Reading time: ~30 sec.
Summary created with AI assistance · Source: zeit.de
Summary created with AI assistance · Source: zeit.de
- Porsche is shutting down its subsidiaries Cellforce, Cetitec, and eBike Performance, impacting around 500 employees.
- The closures were approved by the board, but the timeline for completing the process remains unclear.
- Festo is cutting 1,300 jobs in Germany due to market pressures and aims to save 200 million euros annually worldwide.
- All of Festo’s production sites in Germany will continue to operate despite the workforce reductions.
Porsche cuts more than 500 jobs at subsidiaries: The car manufacturer Porsche is discontinuing some of its subsidiaries. Three of them are affected - | and more ...
swr.de/swraktuell/baden-wuerttemberg/porsche-streicht-mehr-als-500-stellen-trennt-sich-von-tochterunternehmen-100.html
Key FactsPorsche Shuts Subsidiaries to Refocus on Sports Cars
May 8, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: welt.de
Summary created with AI assistance · Source: welt.de
- Porsche is closing three subsidiaries with a combined workforce of 500 without seeking buyers or partners.
- New CEO Michael Leiter is implementing a restructuring plan that centers the company back on its core sports car business.
- Challenges such as Chinese competition, US tariffs, and rapid electric mobility shifts nearly wiped out Porsche’s operating profit last year.
- The closures affect diverse sectors including battery production, e-bike development, and specialized software services.
fundamentally changed market conditions for e-bike drivetrains— Porsche AG, per a Porsche statement issued on Friday
Crisis at Porsche intensifies: Sports car manufacturer closes three subsidiaries with 500 jobs
rundschau-online.de/wirtschaft/porsche-kruemmt-500-jobs-fallen-bei-drei-tochterfirmen-konzentration-auf-verbrenner-1277759
50 employees in Kirchentellinsfurt affected: Porsche finally pulls the plug on Cellforce
swp.de/lokales/tuebingen/50-mitarbeitende-in-kirchentellinsfurt-betroffen-porsche-zieht-bei-cellforce-endgueltig-den-stecker-79056065.html
Battery subsidiary Cellforce: After layoffs - | this is what Porsche says: In a short statement, the group commented on the dismissals distributed to 200 ...
swp.de/lokales/reutlingen/batterie-tochter-cellforce-nach-entlassungen-das-sagt-porsche-78276731.html
The Cellforce case: Porsche has "completely lost its way": Porsche's Cellforce battery project fails with a €295 million write-off. What the end of ...
business-punk.com/business/der-fall-cellforce-porsche-hat-sich-total-verrannt/
“Colleagues burst into tears”: Mass layoffs at Porsche subsidiary Cellforce: Porsche no longer wants to manufacture battery cells. Cellforce will now focus ...
swr.de/swraktuell/baden-wuerttemberg/cellforce-betriebsversammlung-porsche-tochter-wie-viele-jobs-fallen-weg-100.html
Porsche subsidiary Cellforce: They drive from house to house in their Porsches and distribute termination notices
swp.de/lokales/reutlingen/porsche-tochter-cellforce-kuendigungen-erreichen-beschaeftigte-waehrend-der-betriebsversammlung-78272718.html
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Fridays for Future: Protest against layoffs at Porsche subsidiary - Esslinger Zeitung
stuttgarter-nachrichten.de/inhalt.fridays-for-future-protest-gegen-entlassungen-bei-porsche-tochter.fcbaea5a-78b7-4cc4-8544-d7e3a39ea9e3.html
End of battery cell production: Layoffs at Porsche subsidiary Cellforce: The end of battery cell production in Kirchentellinsfurt could mean the loss of jobs for ...
swp.de/lokales/tuebingen/entlassungen-bei-porsche-tochter-cellforce-das-wird-ein-heilloses-durcheinander-geben-78267829.html
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Porsche parts with the “heart” of its electric strategy.: The sports car manufacturer is abandoning its own battery cell production. 200 jobs are being ...
faz.net/aktuell/wirtschaft/unternehmen/porsche-trennt-sich-vom-herzstueck-seiner-elektrostrategie-110654041.html
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Porsche winds up battery factory – Cellforce on the brink of collapse – a setback for the technology sector
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Key FactsPorsche reportedly plans major Cellforce layoffs
Aug 20, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: stuttgarter-nachrichten.de
Summary created with AI assistance · Source: stuttgarter-nachrichten.de
- Cellforce was intended to produce high-performance battery cells for Porsche electric cars; around 200 of its 286 employees in Kirchentellinsfurt are reportedly set to be dismissed.
- An official briefing for employees is planned for Monday, August 25, at 10 a.m. with Michael Steiner representing the company’s management, while IG Metall plans a demonstration at 9 a.m.
- Cellforce currently has no works council, but IG Metall and employees began an election two weeks ago, with the body expected to become operational on September 19; the union also intends to take over dismissal-protection lawsuits.
- Porsche announced in the spring that it would no longer produce Cellforce batteries independently and had almost entirely written off the subsidiary; around €60 million in public funding was planned for the factory, but the amount already paid remained unclear.
There wasn't even any response to the appeal to Steiner to delay layoffs until then.— Kai Lamparter, deputy head and managing director of IG Metall Reutlingen-Tübingen, told our newspaper
Porsche battery company Cellforce is on the verge of collapse: At the groundbreaking ceremony for a factory, there was talk of the "smallest Gigafactory in the ...
faz.net/aktuell/wirtschaft/unternehmen/porsche-batteriegesellschaft-cellforce-steht-vor-dem-aus-110650014.html
Paid articlePaywall Why are Porsche shares falling? - | The causes: Find out here why Porsche shares recently lost around 7% of their value. Read on now!
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Key FactsPorsche Reports Over 40% Profit Decline in Q1
Apr 29, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: welt.de
Summary created with AI assistance · Source: welt.de
- Porsche experienced a 40.6 percent drop in profit to 760 million euros in Q1, driven by weak sales in China and high investments.
- Revenue decreased by 1.7 percent to 8.86 billion euros, prompting a revised annual forecast of 37 to 38 billion euros.
- The operational profit margin target has been lowered to between 6.5 and 8.5 percent, a decrease of 3.5 points.
- Additional costs for battery production expansion and supplier support are further straining Porsche's financial situation.
We cannot completely escape this, but we are fighting against it with all our might.— CFO Jochen Breckner on the challenges facing Porsche.
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