Porsche will suspend production both at its parent plant in Zuffenhausen and also in Leipzig starting from Saturday (21 March 2020), for an initial period of two weeks.
While the coronavirus pandemic and protecting the workforce is the primary reason for suspension, the bottlenecks in global supply chains is another big reason for the temporary shut down. At the same time, Porsche is preparing for a decline in demand and securing its financial strength with the decisions made.
“The actual consequences are not yet predictable. It is therefore too early for forecasts. What is clear is that 2020 will be a very challenging year,” said Oliver Blume, Chairman of the Executive Board, Porsche.
In addition to suspending production, Porsche has imposed a ban on business travel. Meetings will happen via video or conference calls.
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