Overview
- Porsche announced a 'Future Package' on Monday, July 27 that adds about 5,000 role reductions to an earlier round, bringing planned cuts to roughly 9,000 by 2035 under a plan approved by the supervisory board.
- The company and the works council said the additional reductions will be delivered largely through natural attrition, expanded partial‑retirement schemes and voluntary severance offers rather than compulsory redundancies.
- As part of the deal Porsche guaranteed its key German sites will stay open through 2035 and pledged €2.1bn of investment for the Stuttgart‑Zuffenhausen factory and the Weissach R&D centre.
- Porsche’s move follows a sharp deterioration in results — 2025 revenue and operating profit fell heavily after billions of euros of charges tied to a retreat on earlier EV plans, higher battery costs and US tariffs — forcing a strategic reset.
- The pact is the latest sign of a wider German auto retrenchment, with BMW launching a voluntary programme to cut about 8,000 jobs and Volkswagen pushing proposals for far deeper group‑wide reductions, a shift that will pressure suppliers and regional jobs.