The next bad news in the car industry: sports car manufacturer Porsche plans to remove jobs around 1900 in the coming years.
As the VW daughter announced on Thursday, the main factory in Stuttgart-Zuffenhausen and the location in Weissach will be hit. The job loss must take place in the following four years. For the employees of Porsche AG, employment that is secured until 2030. Company terminations are excluded up to that time – the group must therefore rely on voluntaryity. In total, the company employs more than 30,000 people.
Definitely removed from temporary bodies in 2024
The deletions that have now become known are a supplement to the savings that have already been taken over in temporary employment relationships. Their contracts in production have gradually been since 2024. The company announced last year not to extend time limits.
It is turbulent times for the sports car manufacturer: at the beginning of the month, Porsche surprisingly announced that the company Lutz Meschke and sales board wanted to get rid of Detlev van Platen. Porsche did not call the reasons to throw away the two managers.
Expected huge extra taxes for 2025
In 2025, Porsche expects extra loads of up to 800 million euros, including the development of new cars with combustion engine or plug-in hybrid drive. The car manufacturer once had one of the most ambitious e-car strategies in the industry. By 2030, more than 80 percent of the sports and off-road vehicles should run from the assembly line with a fully electric drive.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
