Porsche called the reasons for the upcoming mass contractions

A company that produces premium cars will noticeably test the staff in the next five years: 1.9 thousand people are planned. Porsche is forced to take such a step against the backdrop of a weakening of demand for electric cars and difficult geopolitical and economic conditions, the official statement said.

Employees of enterprises in Tsuffenhausen and Vaisakh will primarily fall under the reduction – by 2029 the staff will decrease by 15 percent (about 1.9 thousand people). They were promised compensatory packages and stimulating the early retirement. At the same time, Porsche promises to maintain employment guarantees for all employees in Germany until 2030. Thus, before the expiration of this period of dismissal of employees, employees can be carried out only on a voluntary basis. In addition to abbreviations, the car manufacturer intends to limit the hiring of new personnel.

Porsche was disappointed in electric cars and again invests in the ICE Porsche thought about the release of the new Macan with the ICE Porsche will surprise the Cayenne life cycle with the V8 motor

In early February, it became known that Porsche was disappointed in electric cars and invested in the ICE again. The BEV segment is developing more slowly than the company was calculated for that, so Porsche will focus on the release of models with internal combustion engines and hybrid power plants. Investments in the development of new ICE cars will amount to about 800 million euros, so the automaker is preparing to drop in profit. According to forecasts, margin will be reduced to 10-12 percent, which is significantly lower than the target indicator of 17-19 percent.

At the same time, a few years ago, Porsche hoped to abandon the use of internal combustion engines and electrify her model line by 80 percent.

In 2024, Porsche global sales were reduced by three percent, to 310,718 cars, and in China they collapsed by 38 percent compared to 2023. For other countries, the indicators are better: Europe has grown by eight percent, Germany – by 11 percent, North America – by one percent, and developing countries – by six percent.

We will not wait for us: new cars are not for us