Porsche announced plans to eliminate around 1,900 jobs by 2029 at its Stuttgart and Weissach plants, representing a significant reduction of about 15% of its workforce. These cuts are in addition to previously planned reductions involving temporary employees, due to challenging economic conditions. Strategies to achieve these reductions include a part-time retirement scheme for older workers, restraint in hiring, and voluntary redundancies. Despite the layoffs, Porsche has guaranteed employment until 2030 for existing staff, emphasizing adaptability in the face of economic pressures, particularly amid delayed transitions to electromobility.
Porsche plans to cut about 1,900 jobs by 2029 at its Stuttgart-Zuffenhausen and Weissach plants, citing difficult economic conditions and challenges with electromobility.
The job cuts will occur through a combination of voluntary redundancies, attrition, and a part-time retirement scheme for older employees, ensuring guaranteed employment until 2030.
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