Volkswagen's supervisory board has approved a restructuring plan that could lead to the elimination of approximately 4,100 jobs at its Porsche brand, according to documents reviewed by Handelsblatt. The proposed cuts are intended to address an overhead shortfall of around €700 million at the sports car manufacturer.
The agreement, described as the German auto group's largest restructuring to date, reflects ongoing pressure on Volkswagen to reduce costs amid the industry's transition to electric vehicles and weakening demand in key markets. The documents specifically target administrative and overhead functions at Porsche.
Neither Porsche nor Volkswagen has publicly confirmed the exact number of job reductions. The Handelsblatt report cites internal documents, and the figures remain subject to further negotiation with employee representatives. The supervisory board's agreement marks a significant step in Volkswagen's broader effort to streamline operations across its brands.
This potential cut follows previous announcements of job reductions at Volkswagen and its subsidiaries as the group navigates the shift to electric mobility and intensifying competition from Chinese automakers. The final scope of the Porsche cuts has not been officially disclosed.
