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61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Porsche CEO Denies Fresh 4,000 Job Cuts Amid Worker Protests
Porsche chief executive Michael Leiters has denied a Handelsblatt-sourced report of thousands more job cuts, in an internal memo seen by Reuters, even as shares slide and German auto workers protest today.
Porsche AG (ETR: P911), the German sports car maker, has denied a report of further job cuts, in an internal memo seen by Reuters and published today. The denial follows a Handelsblatt report, relayed by Reuters, that Volkswagen’s supervisory board viewed 4,100 Porsche jobs as superfluous.
Leiters’ memo, cited by Reuters, disputed the figure: he wrote that Porsche had no plans to cut a further 4,000 jobs, and that the existing restructuring programme would not change. Reuters reported the two figures without reconciling them; the dispute between the Handelsblatt-sourced account and Porsche management’s on-record denial remains unresolved.
Volkswagen (ETR: VOW3), the German carmaker, shares fell 0.6% by 9.52am on Monday.
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Porsche AG (ETR: P911_p) shares dropped 2.3% on Monday, extending Friday’s 3.3% decline, while Porsche SE (ETR: PSHG_p), the family holding company that controls Volkswagen, fell 2.9% on Monday after sliding 4.9% on Friday.
VOW3.F
The memo leaves untouched Porsche’s existing restructuring plan, which already includes 9,000 agreed job cuts and was approved by Porsche’s own supervisory board.
The dispute comes days after Volkswagen’s profit warning on Friday, which cut its 2026 operating margin guidance to a maximum of 1%, down from 4.0-5.5%, and flagged around 10 billion euros ($11.5bn) of special charges, including roughly 6 billion euros in impairment charges tied to new mid-term assumptions for Porsche.
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German auto workers protested today at Volkswagen, BMW, the German carmaker, and parts supplier Bosch. Horst Ott of trade union IG Metall said management had failed to adapt.
Volkswagen works council chief Daniela Cavallo and IG Metall national head Christiane Benner called for stronger protection against Chinese competition, EU subsidy policy and the continuation of phased retirement arrangements. Benner said, according to Reuters, that corporate leaders and management teams needed to take responsibility for Germany as an automotive nation, for employees and for jobs.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
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