Porsche Plans Major Job Cuts | Europe News

Porsche is accelerating its restructuring with plans to slash up to 6,000 jobs by 2035, doubling previous cuts, as it battles falling Chinese sales, tariff headaches, and EV strategy woes. The supervisory board has approved the move, though details remain under negotiation with labor unions. This follows 3,900 cuts under the outgoing CEO, now focused on steering the entire Volkswagen Group — where up to 100,000 jobs could be at risk. With profit margins in freefall, the new leadership is zeroing in on premium models like the 911 and luxury SUVs, while also consolidating operations — including an additional 500 job cuts already implemented. Four German plants may close in the next decade, adding tension as unions push back on future employment commitments. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/85dc8864257a2efa