Porsche has finalised a labour agreement to eliminate an additional 5,000 positions by 2035, bringing total planned job cuts to roughly 8,900 across the group, after previously announcing restructuring measures earlier this year. The reductions, which include about 500 roles at subsidiaries, will be achieved primarily through natural attrition, partial retirement, and voluntary severance, with compulsory redundancies ruled out until 2035.
The company committed to investing €2.1 billion in its Stuttgart-Zuffenhausen factory and Weissach research centre as part of the pact, which guarantees both sites remain open through the end of 2035. Workers will receive a one-time €1,500 transformation bonus in August 2026, though remote work will be capped at eight days per month.
The agreement follows first-half deliveries that fell 16 percent to 122,306 vehicles, and comes as Volkswagen group leadership pushes for broader workforce reductions across the automaker's brands.