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Porsche plans another 5,000 job cuts: Reports

July 23, 2026
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  • Updated On Jul 23, 2026 at 08:08 AM IST

< />By Rachel More<br><br>Porsche could double the scope of its redundancy programme with plans to cut another 5,000 jobs, German media reported on Wednesday, ‌as the ⁠German carmaker’s ⁠supervisory board met to discuss restructuring measures.<br><br><!– PROMOSLOT_M –> The figure was reported by Manager Magazin, citing unnamed sources. Bild newspaper reported that CEO Michael Leiters planned to cut between 5,000 and 6,000 jobs by 2035.<br><br><div class=” article-detail-ad-slot=”” captionrendered=”1″ data-src=”https://etimg.etb2bimg.com/photo/132570825.cms” height=”442″ loading=”eager” src=”https://hr.economictimes.indiatimes.com/images/default.jpg” width=”590″></img></p> </div> <p> A spokesperson for the ⁠company declined ‌to comment. Margins at Porsche, long one of the Volkswagen Group’s most ⁠profitable businesses, have crashed in recent years from comfortable double-digit percentages to only 1.1% last year.</p> <p> The slide was driven by falling sales in the once-lucrative Chinese market, tariff woes and a stalled electrification strategy that cost the carmaker billions ‌of euros.</p> <p> Having already agreed 3,900 redundancies, labour representatives and management have been negotiating a second package ⁠of measures, expected to be announced in the coming week. Parent Volkswagen has warned that 100,000 jobs could be cut across the group in the company’s battle to become cost-competitive. Four plants in Germany are also threatened with closure in the coming years. (Reporting by Rachel More Editing by David Goodman )</p> <div> <div> <ul> <li><a href=Reuters

  • Published On Jul 23, 2026 at 08:06 AM IST

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