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
600 jobs Number of planned job creations
Announcement Date
2 January 2008
Employment effect (start)
1 June 2008
Foreseen end date
30 April 2009
Description
The automobile manufacturer, Porsche, has announced that it is to create 600 jobs by 2009. The company has decided to manufacture its new car, the Panamera, in Leipzig (Saxony). Prototype production will begin by summer 2008, and full production by April 2009. New employees will be hired in stages. Investment in the new production line will amount to 150 million EUR.
See also previous factsheet.
Sources
3 January 2008: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2008), Porsche, Business expansion in Germany, factsheet number 66146, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66146.
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