Porsche is about to cut deeper, and nobody knows how deep yet
CEO Michael Leiters will present a new savings plan on July 22, and over 4,000 additional jobs may be on the line at Porsche's German plants.
Porsche is bracing for another blow to its workforce, and this time the numbers could run into the thousands. CEO Michael Leiters plans to present the details of a new cost-cutting plan to the supervisory board on July 22. The first results of negotiations are expected to be announced shortly after. According to Handelsblatt, more than 4,000 jobs are now at risk, on top of the cuts already made. The final number hasn’t been confirmed — but anxiety on the shop floor is rising.
And the knife has already been busy: Porsche previously decided to cut 3,900 positions, with another 500 jobs disappearing due to the closure of subsidiary units. The new plan is meant to make the company leaner — fewer models, fewer non-core assets, more profitability. The target operating margin sits at 10–15%. It sounds reasonable on paper. In practice, it means layoffs.
For now, the two sides are arguing over the price of it all. Worker representatives are pushing for a guarantee: the Zuffenhausen, Leipzig and Weissach plants should be secured for at least ten years — effectively until 2035. The Porsche and Piëch families, who control the company, consider that timeline an unaffordable luxury. No compromise has been reached yet.
And this isn’t just about principle — it’s about money. Building a single car in Zuffenhausen costs the company more than 10,000 euros in factory expenses alone. That’s a steep price for a plant everyone wants to protect at all costs. Little wonder that moving Taycan production to Leipzig — or phasing the model out altogether — is now on the table. No decision has been made. But the option is being taken seriously.