Report: Porsche CEO plans to double job cuts to up to 6,000

Reported (Manager Magazin/Bild, 22 July 2026): Porsche CEO Michael Leiters plans to double the current savings programme and cut an additional 5,000 to 6,000 jobs by 2035 — on top of the roughly 3,900–4,000 already announced. In return, employment protection for the remaining workforce until 2035 is said to be under discussion; no agreement with the works council and IG Metall has been reached yet, and Porsche declined to comment officially. At the end of 2025 Porsche employed around 42,000 people worldwide. Several independent outlets (including Reuters syndications and onvista) picked up the report. Update (23 July 2026): The supervisory board approved a new 'future package' on 22 July. Across all rounds the cuts add up to nearly 9,000 positions according to media reports (heise, Reuters, Bild, Manager Magazin) — around 3,900 from the programme already under way, some 2,000 expired fixed-term contracts, plus the new 5,000–6,000 by 2035. The Weissach development centre is to cut capacity by about 30%; three subsidiaries will also be closed: Cellforce Group (battery cells, around 50 employees), Porsche eBike Performance (around 350) and Cetitec (software, around 90). In return, employment protection is to be extended from 2030 to 2035. Porsche did not officially confirm the specific figures, describing them as 'final steps' still to be agreed — the numbers therefore remain reporting rather than confirmation. — Note: this reported plan was officially confirmed on 27 July 2026 by the agreement between the executive board and the general works council (5,000 jobs by 2035). The figure is therefore no longer recorded here, so that the same jobs are counted only once in the key figures; the entry of 27 July 2026 is the authoritative one. The additional details documented here (Weissach capacity cut by around 30%, closure of Cellforce Group, Porsche eBike Performance and Cetitec) are retained as evidence.