Porsche Supervisory Board Backs Austerity Measures Amid Potential Job Cuts

Porsche is reportedly negotiating a second round of workforce reductions, potentially impacting 5,000 to 6,000 additional roles by 2035, following an initial agreement to cut 3,900 positions. The supervisory board has endorsed a cost-cutting program, signaling potential further job cuts, though the exact scale and timeline remain unconfirmed. This initiative is attributed to declining sales in China, rising trade tariffs, and high EV transition costs.