Porsche agrees with works council to cut 5,000 jobs by 2035

On 27 July 2026 the Executive Board and General Works Council of Porsche AG — together with IG Metall and the Suedwestmetall employers' association — agreed on a 'Future Package'. Porsche thereby officially confirms for the first time the figures that were still only reporting in the 22 July entry: a further 5,000 jobs will go by 2035, according to the press release in a socially responsible way and largely through natural attrition, demographic effects, an expanded partial-retirement programme and voluntary severance agreements. In return Porsche extends employment and site protection until 2035 and plans to invest a cumulative 2.1 billion euros in the Zuffenhausen and Weissach sites. The package is the basis for the 'Sportwagenschmiede 35' strategy, which is to be presented in detail at a Capital Markets Day in October. Update (21 Sept 2026), single-source reporting: According to a Handelsblatt report, the Volkswagen Group is considering reducing headcount in the "Sport Luxury" brand group (which includes Porsche) by around 4,100 staff — on top of the agreements already in place. The figures reportedly come from documents on a VW supervisory board resolution of early September; a cut of 4,100 Porsche jobs is therefore explicitly not yet decided. The figure is accordingly not recorded here as an affected-employee count (Handelsblatt via Das Verbraucherschutzforum, 20 Sept 2026). Update (21 September 2026): Porsche CEO Michael Leiters rejected the Handelsblatt report in an internal message seen by Reuters — no further 4,000 jobs are to go, and the total remains 5,000 by 2035. He confirmed the full-year guidance (€35–36bn revenue, 5.5–7.5% operating margin); the capital markets day is set for 7 October 2026 (Reuters via onvista, 21 September 2026). Update (7 Oct 2026): At its Capital Markets Day Porsche put the socially responsible job reduction agreed with employee representatives at around 9,000 positions, combined with job security for the core workforce until 2035; in the medium term the workforce in direct and indirect areas is to shrink by 25% (strategic target 30%) and management positions by around 40%. The release does not say whether the 9,000 positions include the reduction steps agreed earlier. Cellforce (development and production), Porsche eBike Performance and Cetitec are to be shut down, and the sale of MHP to Tata Consultancy Services has been signed (Porsche Newsroom, 7 Oct 2026).