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Porsche to cut 5,000 jobs in Germany by 2035
Porsche AG, a Volkswagen subsidiary, reached a deal with the works council and IG Metall to eliminate 5,000 positions by the end of 2035. The cuts will affect the Stuttgart‑Zuffenhausen plant and the Weissach R&D centre and will be carried out through natural attrition, expanded partial‑retirement programmes and voluntary severance agreements – no compulsory redundancies are permitted.
In return, the company extended site‑security guarantees for both locations until 31 December 2035 and pledged a €2.1 billion investment in the two sites as part of a “future package”. The package also trims labour costs: Christmas‑bonus contributions fall from 45 % to 5 % of salary, home‑office days are capped at eight per month, collective‑bargaining wage increases are partially withheld (3.5 % until 2035), and IG Metall members receive an extra day off, a €200 voucher and a one‑off transformation premium of €1 500 (plus €411 in 2026). Combined with earlier reductions of roughly 1,900 jobs (2025‑2029) and earlier 3,900 cuts, total job losses will reach about 8,900–9,000 positions.
The restructuring follows a sharp earnings decline – Porsche’s net profit fell 91 % to €310 million in 2025 and operating profit dropped from €5.6 billion in 2024 to about €0.4 billion in 2025 – as the group confronts weakened Chinese demand, higher costs and a slump in luxury‑car sales.
Entities
Audi AG · Gernot Döllner · IG Metall · Ingolstadt plant · Jürgen Rittersberger · Michael Leiters · Neckarsulm · Neckarsulm plant · Oliver Blume · Porsche AG · Stuttgart‑Zuffenhausen plant · Volkswagen AG
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 4 SOURCES] Audi is considering reducing annual production capacity at Neckarsulm from 225,000 to 150,000 units. www.swr.de
- [● 7 SOURCES] Weak market conditions in China and the Middle East contributed to Audi's outlook revision. www.kurierverlag.de · www.onetz.de
- [● 3 SOURCES] Audi's Ingolstadt main plant may cut output from 450,000 to under 400,000 vehicles annually.
- [● 7 SOURCES] Audi's second‑quarter profit fell 21 % to €563 million after tax. www.kurierverlag.de · www.onetz.de · www.news38.de
- [● 3 SOURCES] Audi plans to lower overall German production to slightly above half a million cars, nearly halving 2019 levels.
- [● 7 SOURCES] Audi revised its 2026 revenue forecast to €58‑63 billion, down from €63‑68 billion. www.kurierverlag.de · www.onetz.de
- [● 4 SOURCES] The capacity reduction could lead to up to 1,000 job cuts at Neckarsulm. www.swr.de
- [● 3 SOURCES] Volkswagen CEO Oliver Blume indicated the Neckarsulm plant is under pressure as part of broader cost‑saving measures.
- [● 17 SOURCES] Porsche will invest €2.1 billion in its Zuffenhausen site and the Weissach development centre by 2035. www.t-online.de · www.otz.de · www.nachrichten-heute.net · radioosnabrueck.de · www.tagesschau.de · +11 more
- [○ 1 SOURCE] Weak sales in China, U.S. tariff pressure and high electric‑vehicle investment are driving the restructuring. www.t-online.de
- [● 15 SOURCES] The IG Metall bonus will give members an extra day off per year and a €200 voucher. www.nachrichten-heute.net · www.otz.de · www.vol.at · radioosnabrueck.de · www.fehmarn24.de · +10 more
- [● 16 SOURCES] Employment security at Porsche’s German locations will be extended to the end of 2035. www.t-online.de · www.nachrichten-heute.net · www.otz.de · www.vol.at · radioosnabrueck.de · +10 more