Porsche may cut up to 4,000 additional jobs in Germany, according to Handelsblatt reporting, in a sign that the carmaker’s restructuring is widening from temporary contracts and planned attrition into management, administration, and development capacity.
The reported plan has not been confirmed by Porsche. A company spokesperson declined to verify the figure and pointed instead to a broader future package now being prepared, with details expected by the end of July, according to Welt.
Handelsblatt reported that management and administrative employees would be particularly affected, while around 30% of capacity at the Weissach development site is under review.
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The company previously planned to cut about 1,900 jobs by 2029 in the Stuttgart region, including Stuttgart-Zuffenhausen and Weissach, largely through socially responsible measures. Reuters reported last year that the reduction came on top of non-renewals for fixed-term workers, including about 1,500 contracts that had already ended and another 500 due to expire.
Porsche reported sales revenue of €36.27 billion for 2025, down from €40.08 billion in 2024. Operating profit fell to €413 million from €5.64 billion, with Porsche citing extraordinary expenses of about €3.9 billion.
In the Q1 2026, Porsche delivered 60,991 vehicles, down 15% from 71,470 a year earlier, citing limited product availability, the end of combustion-engined 718 production, the ramp-up comparison for the all-electric Macan, and the discontinuation of US tax incentives for electric and hybrid vehicles.
China remains the most visible weak spot. Reuters reported that Porsche’s China deliveries fell 21% in the first quarter amid pricing and technology competition from local brands. For full-year 2025, Reuters reported that global deliveries fell 10% to 279,449 vehicles, with China down 26%.
The restructuring is also tied to Porsche’s strategic reversal on electrification. Reuters reported in March that the company booked about €2.4 billion in charges from a pivot away from electric cars, alongside around €700 million in tariff costs. Porsche had already negotiated nearly 4,000 job reductions, but new CEO Michael Leiters said the first package was “not sufficient,” according to Reuters.
The timing adds another layer. Porsche is part of the Volkswagen Group ecosystem, and VW is facing its own sweeping restructuring debate. Reuters reported that Volkswagen CEO Oliver Blume is under pressure from unions and supervisory board dynamics as he seeks support for deeper cuts and potential factory closures.
The next milestone is the end of July, when Porsche is expected to present its broader cost package.
