German sports car manufacturer Porsche is planning further extensive layoffs. Up to 4,000 employees could lose their jobs on top of the previously announced job cuts. The plan primarily concerns the Stuttgart region, where the automaker has significant production and development capacities. teraz.sk ↗
According to media reports, Porsche CEO Leiters is preparing a cost-cutting package that will primarily affect management and administration. These positions are to be reviewed as part of further cost reductions. The automaker is also reportedly negotiating additional measures intended to adjust its personnel capacities. Telex ↗
A significant impact could also affect the development center in Weissach, northwest of Stuttgart. According to reports, around 30 percent of the capacities at this site are to be reviewed. This is an important development center for the brand, so any cuts would affect not only administrative structures but also the company's technological base. hnonline.sk ↗
The latest plans follow the already announced layoffs and show that cost pressure at the automaker continues. Further developments will depend on the outcome of negotiations on the cost-cutting package and on which parts of the company management ultimately includes in the final job-cut plan. Trend ↗
Porsche is preparing further cuts, thousands of jobs at risk
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