Porsche AG Plans 9,000 Job Cuts Under 2035 Strategy

02:43 AM EDT, 10/07/2026 (MT Newswires) -- Porsche AG (P911.F) confirmed plans to cut 9,000 jobs as part of its medium-term strategy through 2035. The German automaker said Wednesday it had agreed to a Future Package with employee representatives, including a commitment to secure the jobs of its core workforce through 2035. The company plans to reduce management positions by 40% and the overall workforce by 25% in the medium term, with a strategic target of 30%. Porsche said personnel costs will also fall by 10% under the Future Package, and production personnel costs will decrease by up to 30% in the medium term.