The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
1,000 jobs Number of planned job creations
Announcement Date
19 May 2006
Employment effect (start)
1 October 2005
Foreseen end date
31 December 2009
Description
Porsche, one of the most successful and profitable car companies in the world, will launch a fourth series in 2009. For the development and the production of the four-seater Panamera, Porsche will hire an extra 400 employees at its locations in Stuttgart-Zuffenhausen and Weissach. Another 600 jobs are to be created at its plant in Leipzig. The recruiting of the new staff shall be completed by the end of 2009.
Sources
22 May 2006: Handelsblatt
19 May 2006: Handelsblatt
Citation
Eurofound (2006), Porsche, Business expansion in Germany, factsheet number 62228, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62228.
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