Porsche reportedly planning further cuts of up to 4,000 jobs

Previous measures and affected areas

Employees in management and administration are particularly affected, "Handelsblatt" reports. At the Weissach development site, around 30 percent of capacities are to be reviewed. How many of the jobs based there will specifically be cut is currently unclear. The "Handelsblatt" account was not officially confirmed by the company, but nor was it rejected.

Under the existing plan for the Stuttgart site, around 1,900 jobs are to be cut in a socially responsible manner by 2029. In addition, contracts have already expired: around 2,000 fixed-term employment relationships at Porsche have expired in the meantime, according to the company. In May, the carmaker also announced the closure of three subsidiaries, affecting a further 500 employees.

Company statement

A Porsche spokesperson referred in a statement to the Deutsche Presse-Agentur to a comprehensive future package currently being developed to streamline the company. The company did not comment on specific figures or the "Handelsblatt" report when asked. A Porsche spokesperson did not confirm the figures. Developments would be communicated over the course of July, it was said.

Impact on sites and region

The scale of the planned cuts would be significant: if the second package is added as reported, a total of around 8,000 jobs at Porsche would be in question. The sports car maker is responding to weaker demand, rising costs, and the shift toward electric mobility. Observers see the plans as a sign of a profound upheaval within the company.

A further round of job cuts would have noticeable consequences for the Stuttgart region and the Weissach development site. Both sites are considered important industrial cores of Baden-Württemberg. Porsche, as a German sports car manufacturer headquartered in Stuttgart, is one of the region's largest employers. The precise impact on employees, suppliers, and the local economy can only be assessed after the future package is presented at the end of July.

An official confirmation of the "Handelsblatt" figures is still pending. Porsche refers only to the overall package to be presented by the end of July. Until then, both the exact scope of the measures and their distribution across individual areas and sites remain open.