Porsche announced in 2023 that it aims to cut 1,900 permanent jobs in the Stuttgart region by 2029. The company has also seen the departure of approximately 2,000 temporary workers as their contracts came to an end. These job reductions, described as socially acceptable, reflect a broader restructuring effort at the sports car manufacturer.
Michael Leiters, the company’s CEO, stated in March that Porsche needs to reduce its operations significantly. Part of his strategy involves tightening financial programs and reducing the workforce. The Supervisory Board has backed these efforts, allowing the Executive Board to move forward with implementing further steps. However, the details remain unclear at this point.
According to recent reports, more job cuts could be on the horizon. Bild and Manager Magazin estimated that between 5,000 and 6,000 roles may be at risk by 2035. Porsche has not officially verified these numbers but has acknowledged that ongoing negotiations are happening between management, the works council, and union representatives.
Until now, the company had a policy that prevented layoffs until the middle of 2030. However, these protections might no longer apply. In exchange for potential job cuts, there could be a reduction in the level of job security previously offered. The exact terms of these changes remain uncertain as talks continue.