Porsche Announces Plans to Cut 1,900 Jobs in Stuttgart Region

The automaker cites financial challenges and strategic shifts as reasons for workforce reductions at key production sites.

Porsche plans to reduce approximately 1,900 jobs by 2029 across its Stuttgart-Zuffenhausen and Weissach facilities.
The job cuts will be carried out on a voluntary basis, as employment guarantees prevent forced layoffs until 2030.
This reduction follows the non-renewal of temporary worker contracts, a policy implemented in 2024.
Porsche is shifting its strategy to focus more on internal combustion and hybrid vehicles, moving away from its prior electric vehicle goals.
The company is navigating financial strain, including an expected €800 million in additional costs for vehicle development and declining performance in the Chinese market.