BERLIN: Volkswagen’s restructuring plans reportedly envisage about 4,100 additional Porsche job cuts, extending reductions already agreed at the sports-car maker, German business daily Handelsblatt reported on September 19.
Documents linked to a recent Volkswagen AG supervisory board decision identify an overhead savings gap of around €700 million, or about USD 804 million, at Porsche, according to Handelsblatt. The proposed workforce reduction is described as being “in addition to existing agreements.”
Porsche AG and its works council had already agreed in July to eliminate a further 5,000 jobs by 2035, mainly through natural attrition, partial retirement and voluntary severance. Those cuts added to roughly 4,000 positions identified in earlier programmes, bringing previously announced reductions to about 9,000.
Volkswagen declined to comment on the reported 4,100 additional positions, while Porsche also declined to comment on the supervisory-board plans. As a separately managed listed company, Porsche would have to decide on any additional workforce measures itself; Volkswagen can recommend them but cannot impose them directly.
Read: Samsung US Job Cuts Hit New Jersey, Texas Operations
The report followed Volkswagen’s September 18 profit warning. The group cut its 2026 operating return-on-sales forecast to up to 1%, from a previous range of 4.0% to 5.5%, citing a Porsche goodwill impairment, restructuring expenses and deteriorating market conditions, particularly in China.
Volkswagen said special items are expected to weigh on 2026 operating profit by about €10 billion, including restructuring costs. Porsche is separately preparing a strategy update under Chief Executive Michael Leiters as it responds to weaker China sales and changes to its electric-vehicle plans.
