Archive · 28 Jul 2026
Porsche to Cut 9,000 Jobs by 2035
Porsche, a German luxury car company, has announced plans to cut 9,000 jobs by 2035.
This decision comes as the company faces challenges like falling sales in China and slower growth in electric vehicle demand.
The job cuts will be done through voluntary retirements and other agreed measures, not through forced layoffs.
Porsche will also invest €2.1 billion in its main production facility and research center to strengthen its manufacturing and technology capabilities.
This move is part of a broader effort by Porsche and its parent company, Volkswagen Group, to improve efficiency and stay competitive in the changing auto industry.
Porsche plans to cut 9,000 jobs by 2035.
The job cuts are due to falling sales in China and slower-than-expected growth in electric vehicle demand.
The company will avoid compulsory layoffs by relying on natural attrition, voluntary retirement, and other employee exit schemes.
Porsche will invest €2.1 billion in its main production facility and research center.
The company sites will remain open until the end of 2035.
- Who
- Porsche, a German luxury carmaker
- What
- Plans to cut 9,000 jobs by 2035
- When
- Announced on Monday, with cuts to be completed by 2035
- Where
- Global, with a focus on Germany
- Why
- To improve efficiency and adapt to changing market conditions, including falling sales in China and slower-than-expected growth in electric vehicle demand
Management Perspective
Employee Perspective
Job Cuts
Management Perspective
Necessary for cost reduction and efficiency
Employee Perspective
Concerns about job security and future prospects
Investment in Facilities
Management Perspective
Essential for long-term competitiveness and innovation
Employee Perspective
May not offset the impact of job losses
- Total Job Cuts
- 9,000 by 2035
- Initial Job Cuts
- 3,900 announced earlier this year
- Additional Job Cuts
- 5,000 announced in the latest agreement
- Investment in Facilities
- €2.1 billion ($2.39 billion)
- Company Sites
- To remain open until the end of 2035
