The German car manufacturer Porsche has announced that it will cut about 5,000 jobs in the coming years. This adds to a previous decision to reduce 3,900 employees:
The company plans to guarantee employment for workers at its main factory in Zuffenhausen and its research center in Weissach until the end of 2035. Employee layoffs will occur mainly through unfilled positions, early retirements, and voluntary agreements:
To maintain jobs, employees will have to agree to some concessions, such as freezing salary increases and reducing Christmas bonuses:
These measures are driven by a decline in sales in China, US tariffs, and high costs of model updates:
