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Porsche and labor representatives have reached an agreement to cut 5,000 jobs by 2035. Porsche and its General Works Council said on Monday that these job reductions will be carried out through various measures, including natural attrition, expanding the "partial retirement" program, and voluntary severance agreements. Employment and site operation protection measures for Porsche's main production sites in Germany will be extended until the end of 2035. This agreement highlights the mounting pr

Porsche and labor representatives have reached an agreement to cut 5,000 jobs by 2035. Porsche and its General Works Council said on Monday that these job reductions will be carried out through various measures, including natural attrition, expanding the "partial retirement" program, and voluntary severance agreements. Employment and site operation protection measures for Porsche's main production sites in Germany will be extended until the end of 2035. This agreement highlights the mounting pr

智通财经智通财经2026/07/27 16:46
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Porsche and labor representatives have reached an agreement to cut 5,000 jobs by 2035. Porsche and its General Works Council stated on Monday that these layoffs will be carried out through natural attrition, the expansion of "partial retirement" schemes, and voluntary severance agreements. Employment and plant operation safeguards for Porsche’s main production sites in Germany will be extended until the end of 2035. This agreement highlights the increasing pressure faced by Porsche's parent company, Volkswagen Group; last week, Volkswagen warned that as its business continues to decline, the group’s revenue could fall by as much as 3% this year.
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