Porsche faces criticism over plans to cut up to 6,000 jobs by 2035

Published Jul 23, 03:23 PM UTC

German sports car manufacturer Porsche is facing criticism over plans to cut between 5,000 and 6,000 jobs by 2035 as part of a cost-cutting 'future package.' The Volkswagen subsidiary aims to extend its employment guarantee, which currently prevents operational redundancies until mid-2030, through the end of 2035. Critics, including Left Party social policy spokesperson Cem Ince and BUND transport policy head Jens Hilgenberg, argue that profit expectations of major shareholders should be reduced before jobs are sacrificed. Hilgenberg links the job cuts to Porsche's strategic shift back toward combustion engines after stumbling on its electromobility path, noting that newly planned combustion engine models face a difficult market while electric vehicle demand rises. An agreement with the works council and IG Metall union is still pending. A works meeting is scheduled for Monday in Stuttgart to inform employees. Porsche had already announced socially responsible cuts of about 1,900 jobs in the Stuttgart region by 2029 and cuts at its Leipzig plant.

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