Porsche Cuts Production for December and January

As demands falls and inventories pile up, automakers from all four corners of the world are cutting down on production. The latest company to proceed to such a move is Porsche which announced that production at its main plant at Zuffenhausen, Germany, was stopped for the first time last Friday, November 21, 2008. The company said that it plans to shut down the factory for another seven additional days up to the end of January 2009. Luckily for the firm’s employees, the cut down won’t lead to short-time work. “Because the flextime accounts of Porsche employees are well filled due to the high production capacity in the last year, balance is possible without short-time work,” the company said in a statement.