Porsche plans to cut around 1900 jobs at its Zuffenhausen and Weissach sites. As far as we know, all divisions are affected. The job cuts are to take place by 2029. Porsche AG employees have job security until 2030, which is why compulsory redundancies are ruled out until then and the company must rely on voluntary redundancies.
The job cuts are in addition to the savings already agreed for temporary employees. Their contracts in production have been gradually expiring since 2024. In October, Works Council Chairman Harald Buck told the Stuttgarter Zeitung that 1,000 fixed-term contracts had been affected up to that point. And that a further 1000 fixed-term contracts would not be extended in the coming months. The company announced last year that it would no longer extend fixed-term contracts.
Four days later, on 6 February, the company announced ‘extensive measures’, such as the adjustment of the company organisation and an expanded product range to include additional vehicle models with combustion engines. According to Porsche, these measures will impact the operating result for the current year by around 800 million euros.
Porsche cuts back production of the Taycan
According to business figures for 2024, global sales have remained relatively stable. However, sales figures for Porsche have collapsed, particularly in the Chinese market, which is so important for car manufacturers. Compared to the previous year, the decline there was 28 per cent.
The car manufacturer has repeatedly emphasised that the ramp-up of e-mobility has been slower than planned overall. At the same time, luxury or expensive e-models from Europe are hardly in demand in the extremely important Chinese market. The company is feeling the effects of this, particularly with the Taycan.
Sales of the electric sports car fell by 49 per cent last year.
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