Pursuits
VW’s Porsche Shores Up Profitability Through Labor Accord
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Volkswagen AG’s Porsche sports-car unit moved to shore up its industry-leading profit margins by cutting the number of labor hours required to produce a vehicle.
The 3,300 workers at its car plant in the Zuffenhausen district of Stuttgart, Germany, will work 34-hour weeks by mid-2013, an hour less than at present, while producing the same number of vehicles, Porsche said in a statement. The measures are also intended to attract prospective employees.