Porsche to Cut 500 Jobs

Porsche wants to focus on its main business. The company's profits have gone down. Car sales have dropped by 15%.
The CEO said: 'Porsche must focus on its main business.'
He said: 'We must make some difficult cuts.' The changes will affect workers in Germany and Croatia.
Some people will get £200 automatically.
Some flights have been rescheduled.
Porsche is focusing on combustion engines and hybrids. The company thinks these are what customers want.
The closure of some companies will affect many workers. This shows a change in the automotive sector.
Porsche used to own part of another company. The CEO of that company thanked Porsche for its support.