Porsche cuts 5,000 jobs in Stuttgart and extends site security to 2035

Porsche plans to cut another 5,000 jobs in the Stuttgart region by 2035 as part of a new future package, extending job security and avoiding compulsory redundancies in exchange for cost-cutting measures.

Key points

• The cuts affect the main plant in Stuttgart-Zuffenhausen and the nearby development center in Weissach.
• Porsche plans to invest 2.1 billion euros in its home region by 2035.
• Cost-cutting measures include partially withholding tariff increases, lowering Christmas bonuses, and restricting home office days.
• The restructuring follows a 91 percent drop in Porsche's 2025 net profit due to challenges in China, US tariff policies, and lower demand for electric vehicles.

Why it matters

This major restructuring highlights the deep crisis facing German automakers amid weak Chinese sales, high transformation costs, and sluggish electric vehicle demand.