Porsche announced on July 27 that it had reached an agreement with the trade union on future development plans. It plans to invest a total of 2.1 billion euros in Zuffenhausen and Weissach plants in Stuttgart, Germany by 2035. Porsche also announced a series of measures aimed at drastically reducing labor costs, improving plant flexibility, and significantly improving production efficiency. Among them, 5,000 jobs will be further cut in a “socially responsible manner” by 2035, mainly through natural attrition, expansion of special retirement plans, and voluntary separation agreements.

Porsche announced on July 27 that it had reached an agreement with the trade union on future development plans. It plans to invest a total of 2.1 billion euros in Zuffenhausen and Weissach plants in Stuttgart, Germany by 2035. Porsche also announced a series of measures aimed at drastically reducing labor costs, improving plant flexibility, and significantly improving production efficiency. Among them, 5,000 jobs will be further cut in a “socially responsible manner” by 2035, mainly through natural attrition, expansion of special retirement plans, and voluntary separation agreements.