Porsche-CEO Oliver Blume (57) agrees with the employees of the sports car manufacturer to another hard savings round. “The situation remains serious and the industry is developing very dynamically,” he writes in a letter to the workforce, which is available to the German Press Agency in Stuttgart in excerpts. Porsche must therefore react flexibly and quickly to the changes. “In the second half of 2025, employer and employee representatives negotiate from now on a second structure package to secure the company’s performance in the long term.”
It was initially unclear whether further job cuts are planned. Blume did not comment on the content of the planned discussions with the works council. At the beginning of the year, the Swabians announced that they wanted to reduce 1,900 jobs in the Stuttgart region by 2029. For the employees of Porsche AG, employment securing until 2030. Operating terminations have been excluded until then – the group must therefore rely on voluntariness. The Manager Magazin reported in a cover story about the problems with Porsche in July 2024
.
Porsche speaks of “crisis of the framework conditions”
Flower that too Volkswagen-Id boss is, wrote: “During the negotiations on a second package of measures, the board and works council will develop solutions together.” An important basis for this is that this happens respectfully, confidentially and behind closed doors.
In the USA The porsche business, which has risen significantly since April since April and in perspective, pressed the current price development of the dollar. With the sluggish change towards e-mobility, its considerable investments in the flexibility of the drives. Among other things, Porsche is expecting additional costs of up to 1.3 billion euros this year.
The various problems are also shown in the business figures: after the break-in 2024, the Porsche win continued to drop in the first quarter of 2025. The operational result was 0.76 billion euros – 40.6 percent less than a year earlier. The turnover was also below the previous year at 8.86 billion euros. Porsche therefore also stopped the forecast for 2025.