Porsche has decided to cut a further 5,000 jobs by 2035, bringing the total planned reductions at the sports car maker to 9,000 positions. The reductions will be carried out without forced dismissals, using natural staff turnover, demographic changes, an expanded special partial retirement scheme, and voluntary severance arrangements. In exchange, Porsche has extended job and site guarantees at its Zuffenhausen and Weissach sites until the end of 2035 and committed to invest a combined €2.1 billion in the two locations over the same period. The latest reduction programme follows two earlier rounds: 3,900 roles agreed in 2025 and a further 500 announced in May by chief executive Michael Leiters. Cost-saving measures include deferring a 3.5% share of collectively bargained pay rises until 2035, reducing the voluntary employer-funded share of Christmas bonuses from 45% to 5% by 2035, and cutting permitted mobile working days from twelve to eight per month.
Porsche AGPorsche announces 5,000 additional job cuts and cost-saving measures including deferred pay rises and reduced bonuses.
Porsche Automobil Holding SEPorsche Automobil Holding SE's main asset is Porsche AG; the job cuts and cost pressures negatively impact the holding's value.