28 Dec '15, 3pm

Porsche Factory Workers Agree To Pay Cuts For Mission E Production

Porsche Factory Workers Agree To Pay Cuts For Mission E Production

Last Tuesday Porsche announced an agreement to phase out future wage increases for employees tasked to build its new all-electric Mission E. According to Reuters, employees at the Porsche factory in Zuffenhausen, Germany, agreed to abandon future wage increases along with other concessions totaling several hundred million euros in order to secure production of the all-electric luxury sports coupe, due by the end of the decade. “Employer and employees have jointly drawn up measures that have led to the decision of producing the Mission E model at Zuffenhausen,” a spokesman for Porsche said on Tuesday. The 13,000 employees at the Stuttgart-Zuffenhausen plant, Porsche’s largest factory, agreed to phase out portions of pay increases scheduled to take effect from 2016 to 2025. In return, an additional 1,000 jobs will be created at the plant in order to produce the Mission E. Pl...

Full article: http://www.hybridcars.com/porsche-factory-workers-agree-t...

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  1. 28 Dec '15, 5pm

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