Business · 29 July 2026
Porsche to cut 5,000 jobs by 2035 in restructuring deal
Porsche has agreed to cut 5,000 jobs by 2035 as part of a new "Future Package" deal with its workers. The luxury carmaker will avoid compulsory redundancies through measures like natural attrition and voluntary severance. The job cuts are accompanied by a €2.1 billion investment in its Zuffenhausen and Weissach sites, and occur after 3,900 positions were eliminated in February 2025.
Reported by CBT News · How we write briefs