AUTOS
From Times Staff and Wire Reports
Porsche to Eliminate 850 Positions: Sports car maker Porsche said it will cut its work force by another 850 employees in the fiscal year beginning Aug. 1. The German firm has already slashed 550 non-production jobs this year. It employs about 8,500. Porsche has been plagued by falling sales and profits. It said sales for the year ending July 31 will fall 19% to $1.56 billion from $1.93 billion the previous business year.
