Overview
- Porsche, which on Thursday said it would cancel the voluntary payout for 2025, ended a bonus streak that ran every year since at least 2007.
- The halt hits more than 27,000 workers at German sites including Leipzig, where staff received up to €9,690 for 2023 and up to €5,250 for 2024.
- Board members will receive no annual bonus, management base pay stays unchanged, and the company will ask investors to accept a €1.01 dividend per preferred share.
- The belt‑tightening follows 2025 results that showed net profit down 91.4% to €310 million with revenue near €36.3 billion.
- Porsche cites weak business in China, higher costs from US tariffs, and slow demand for its electric models, and it is negotiating further savings that could include job cuts.