{"id":77663,"date":"2026-09-19T17:21:28","date_gmt":"2026-09-19T17:21:28","guid":{"rendered":"https:\/\/newsvog.com\/ur\/77663"},"modified":"2026-09-19T17:21:29","modified_gmt":"2026-09-19T17:21:29","slug":"porsche-could-face-another-4000-job-cuts-handelsblatt-reports","status":"publish","type":"post","link":"https:\/\/newsvog.com\/ur\/77663","title":{"rendered":"Porsche could face another 4,000 job cuts, Handelsblatt reports"},"content":{"rendered":"


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BERLIN: Volkswagen\u2019s sweeping turnaround plan foresees more than 4,000 further job cuts at \u200bPorsche, German business daily Handelsblatt reported on Saturday, \u200cfollowing a profit warning linked to problems at the sports car subsidiary.<\/strong><\/p>\n

Files documenting a recent agreement by Volkswagen\u2019s supervisory board to \u200busher in the German auto group\u2019s largest restructuring \u200byet propose a reduction of \u201cabout 4,100 employees\u201d at \u2060the brand, addressing an overhead shortfall of some \u20ac700 million ($803.8 \u200bmillion), according to Handelsblatt.<\/span><\/p>\n

The newspaper said the cuts would \u200bbe \u201cin addition to existing agreements\u201d.<\/span><\/p>\n

In July, Porsche management and labour representatives agreed to an additional 5,000 layoffs on top of 4,000 \u200bdetermined earlier, bringing the scope of currently agreed job \u200bcuts at the Stuttgart-based 911 maker to around one in five \u200cby \u20602035.<\/span><\/p>\n

Volkswagen declined to comment. A Porsche spokesperson declined to comment on the reported plans of Volkswagen\u2019s supervisory board.<\/span><\/p>\n

The parent company can only recommend, but not mandate, \u200bsuch measures at \u200bPorsche.<\/span><\/p>\n

Volkswagen on \u2060Friday revised down its full-year margin target, now hoping for 1% at best \u200brather than a previous range of 4.0-5.5%.<\/span><\/p>\n

The \u200brevision \u2060was due in large part to a writedown at Porsche, where CEO Michael Leiters is under pressure to deliver \u2060a \u200bcomeback strategy following a collapse \u200bin China sales and a costly reversal of the carmaker\u2019s EV strategy.<\/span><\/p>\n<\/div>\n


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BERLIN: Volkswagen\u2019s sweeping turnaround plan foresees more than 4,000 further job cuts at \u200bPorsche, German business daily Handelsblatt reported on Saturday, \u200cfollowing a profit warning linked to problems at the sports car subsidiary. Files documenting a recent agreement by Volkswagen\u2019s supervisory board to \u200busher in the German auto group\u2019s largest restructuring \u200byet propose a reduction of \u201cabout 4,100 employees\u201d at…<\/p>\n","protected":false},"author":1,"featured_media":77664,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-77663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan"],"taxonomy_info":{"category":[{"value":16,"label":"Pakistan"}]},"featured_image_src_large":["https:\/\/newsvog.com\/ur\/wp-content\/uploads\/Porche-1024x576.jpg",1024,576,true],"author_info":{"display_name":"frkhokhar@gmail.com","author_link":"https:\/\/newsvog.com\/ur\/author\/frkhokhargmail-com"},"comment_info":0,"category_info":[{"term_id":16,"name":"Pakistan","slug":"pakistan","term_group":0,"term_taxonomy_id":16,"taxonomy":"category","description":"All about Pakistan","parent":0,"count":5755,"filter":"raw","cat_ID":16,"category_count":5755,"category_description":"All about Pakistan","cat_name":"Pakistan","category_nicename":"pakistan","category_parent":0}],"tag_info":false,"_links":{"self":[{"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/posts\/77663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/comments?post=77663"}],"version-history":[{"count":1,"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/posts\/77663\/revisions"}],"predecessor-version":[{"id":77665,"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/posts\/77663\/revisions\/77665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/media\/77664"}],"wp:attachment":[{"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/media?parent=77663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/categories?post=77663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/tags?post=77663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}