GermanyPorsche is preparing another round of restructuring as sales in China decline, US tariffs weigh on the business and demand for electric vehicles slows more than expected. Reuters reports that management plans to raise total job cuts to roughly 9,000 positions by 2035, including measures already announced. A final agreement is still under discussion with labor unions.
The new package could add 5,000 to 6,000 cuts on top of the 3,900 positions already approved. Porsche has also already ended contracts with about 2,000 temporary workers and is closing three subsidiaries, affecting roughly 500 more people.
At the same time, Porsche is betting on its most profitable models. CEO Michael Leiters said the brand intends to focus on the 911 and premium SUVs, reduce development complexity, and work more closely with Audi to cut costs. The goal is to restore profitability after a sharp deterioration in financial results.
