Porsche to Cut 5,000 More German Jobs by 2035

Porsche is set to eliminate another 5,000 jobs in Germany by 2035, escalating its workforce reduction plans. This new figure, combined with earlier cuts, means nearly 9,000 positions will be eliminated across the company by mid-century. The job losses will primarily impact the main plant in Stuttgart-Zuffenhausen and the development center in Weissach. Porsche management and the works council announced the decision following a meeting at the Stuttgart headquarters. The company, part of the Volkswagen Group, is implementing these measures to significantly lower personnel costs and enhance operational flexibility and productivity. Despite the job cuts, Porsche is committing 2.1 billion euros to secure the future of its sports car production in Zuffenhausen and maintain development work in Weissach. The company stated that job cuts will be handled through socially responsible means, including staff rotation, partial retirement, and severance agreements, ruling out operational dismissals. This agreement extends the plant's continuity guarantee until the end of 2035. The cuts follow a previous agreement in February 2025 to eliminate around 1,900 jobs in the Stuttgart region by 2029, alongside the expiration of temporary contracts for about 2,000 employees and the closure of three subsidiaries employing some 500 workers. The Leipzig plant's future remains uncertain, with decisions pending on how the agreed measures will apply there.

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The future package is good for Porsche.