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Porsche AG moves to close three subsidiaries impacting over 500 jobs

On May 8, Porsche AG announced that it is taking further steps in its strategic restructuring by planning to shut down three subsidiaries i.e., Cellforce Group GmbH, Porsche eBike Performance GmbH, and Cetitec GmbH. Altogether, these changes will impact more than 500 employees.
Cellforce Group GmbH no longer fits int....

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