Porsche to cut up to 4,000 jobs in Germany

Porsche, the Volkswagen‑owned sports‑car maker, is evaluating a further reduction of up to 4,000 positions in Germany. The proposed cuts would mainly affect management and administration staff, and a review could see about 30 % of the capacity at the Weissach development site trimmed. The company plans to present a comprehensive restructuring package by the end of July 2026, while talks with the works council continue.

The new wave of layoffs follows earlier measures announced earlier in the year: about 1,900 jobs are slated to be eliminated in the Stuttgart region by 2029, roughly 2,000 temporary contracts have already expired, and three subsidiaries were closed in May, affecting another 500 employees. Porsche’s CEO Michael Leiters says the moves are needed to make the business leaner amid a sales slump, rising energy costs and intense competition from Chinese electric‑vehicle manufacturers. The cuts are part of a wider cost‑reduction drive across the Volkswagen Group, which has signaled the possibility of up to 100,000 jobs being cut across its worldwide operations.