Porsche to cut another 5,000 jobs

Porsche Automobil Holding SE

27/07/2026 13:27

BERLIN, July 27 (Reuters) - German carmaker Porsche P911_p.DE will cut another 5,000 jobs by 2035 under a second package of restructuring measures agreed between management and labour representatives, both sides said in a joint statement on Monday.
The job reductions, which follow a first package of 3,900 job cuts and another 500 announced by new CEO Michael Leiters earlier this year, will be carried out in a socially responsible manner, the statement said.
The deal also includes an extension of plant location guarantees by five years until 2035, it added.


 (Reporting by Rachel More, Editing by Miranda Murray)
 ((rachel.more@thomsonreuters.com;))