Overview

• Porsche will cut approximately 3,900 jobs by 2029 as part of a cost-saving and restructuring initiative aimed at long-term efficiency.
• The company is pivoting back to internal combustion and plug-in hybrid vehicles, while scaling back its focus on battery-electric models.
• CEO Oliver Blume described the current challenges, including declining China sales and US tariffs, as a 'heftigen Sturm' requiring decisive action.
• The reorganization will incur €1.3 billion in special expenses for 2025, reflecting substantial investments in the revised strategy.
• A refreshed management board, with younger leadership, has been tasked with navigating the company through these financial and operational challenges.