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Porsche plans another 5,000 job cuts, German media report

· · 1 min read
A Porsche logo is displayed during the New York International Auto Show in New York City
A Porsche logo is displayed during the New York International Auto Show in New York City, U.S., April 1, 2026. REUTERS/Jeenah Moon

BERLIN, July 22 (Reuters) - Porsche could double its current redundancy programme with plans to cut another 5,000 jobs, German media reported on Wednesday, as the German carmaker's supervisory board met to discuss restructuring measures. The figure was reported by Manager Magazin, citing unnamed sources. The Bild newspaper reported that CEO Michael Leiters planned to cut between 5,000 and 6,000

BERLIN, July 22 (Reuters) - Porsche could double its current redundancy programme with plans to cut another 5,000 jobs, German media reported on Wednesday, as the German carmaker's supervisory board met to discuss restructuring measures.

The figure was reported by Manager Magazin, citing unnamed sources. The Bild newspaper reported that CEO Michael Leiters planned to cut between 5,000 and 6,000 jobs by 2035.

A spokesperson for the company declined to comment.

(Reporting by Rachel More; Editing by Tom Sims)

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