Porsche faces backlash 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 company, a Volkswagen subsidiary, aims to extend its employment guarantee against operational redundancies until the end of 2035 in return. However, no agreement has been reached with the works council or IG Metall union. Cem Ince, social policy spokesperson for the Left Party, demanded that shareholder return expectations be scaled back before job cuts. Environmental group BUND's Jens Hilgenberg linked the cuts to Porsche's strategic shift back toward combustion engines, which has proven costly amid declining sales in China and a difficult market for combustion engines. Porsche had previously announced 1,900 job cuts in the Stuttgart region by 2029. A works meeting is scheduled for Monday to inform employees.

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