Particle.news
Download on the App Store

Porsche Shuts Three Subsidiaries, Cutting About 500 Jobs

The move signals a pivot to Porsche's core sports-car business.

Overview

  • Porsche, which announced the decision Friday, will wind down Cellforce, Porsche eBike Performance and Cetitec.
  • About 500 roles will be cut across Germany and Croatia as management opens talks with works councils on the closures.
  • Cellforce, a high‑performance battery cell unit, is closing after Porsche said its technology‑open drive strategy leaves no viable path for in‑house cells.
  • Porsche eBike Performance will cease operations after a sharp downturn in the e‑bike drive market, while Cetitec will be wound down after software work shifted within the Volkswagen group.
  • The retrenchment follows deep 2025 cutbacks at Cellforce and recent plans to sell non‑core holdings such as Bugatti, with wider staff reductions already targeted through 2029.