Overview

• Management and the works council will negotiate a second 'Strukturpaket' in H2 2025 to bolster long-term performance under confidentiality.
• CEO Oliver Blume has labeled the situation a “crisis of framework conditions” driven by China’s aggressive EV pricing, a weakened dollar with new U.S. tariffs, plus sluggish electric-vehicle demand.
• Porsche’s first cost-saving program let 2,000 fixed-term contracts expire and announced 1,900 additional position cuts under a site-protection guarantee that bars involuntary layoffs until 2030.
• In Q1 2025 operating profit dropped 40.6% to €0.76 billion and revenue fell to €8.86 billion, prompting Porsche to revise its annual forecast downward.
• No timeline has been set for sharing details with employees, and it remains unclear whether the second package will include further job cuts or benefit changes.