Porsche AG to cut over 500 jobs as it sharpens focus on core business

May 8 (Reuters) – ​Porsche ‌AG said on ‌Friday ​that ⁠it ⁠planned to ​cut ⁠more ⁠than 500 ​jobs ​as it ‌discontinues three ⁠subsidiaries to focus ⁠on ‌core ⁠business.

(Reporting ​by ‌Linda ​Pasquini, ⁠Editing by Miranda ​Murray)