{"id":54725,"date":"2025-12-04T05:41:51","date_gmt":"2025-12-04T10:41:51","guid":{"rendered":"https:\/\/newssprinters.com\/index.php\/world\/luxury-carmaker-porsche-bracing-for-more-massive-cuts\/04\/12\/2025\/"},"modified":"2025-12-04T05:41:51","modified_gmt":"2025-12-04T10:41:51","slug":"luxury-carmaker-porsche-bracing-for-more-massive-cuts","status":"publish","type":"post","link":"https:\/\/newssprinters.com\/index.php\/world\/luxury-carmaker-porsche-bracing-for-more-massive-cuts\/04\/12\/2025\/","title":{"rendered":"Luxury carmaker Porsche bracing for more massive cuts"},"content":{"rendered":"<p>\n<\/p>\n<div>\n<figure data-testid=\"article-figure-image\" class=\"yf-8xybrv\">\n<div class=\"image-container yf-1gfnohs loader\" style=\"--max-height: 533px;\">\n<div class=\"image-wrapper yf-1gfnohs\" style=\"--aspect-ratio: 800 \/ 533; --img-max-width: 800px;\"><\/div>\n<\/div><figcaption class=\"yf-8xybrv\"><!-- HTML_TAG_START -->Dark clouds can be seen over Porsche AG&#8217;s main plant. Marijan Murat\/dpa<!-- HTML_TAG_END -->  <\/figcaption><\/figure>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->German luxury carmaker Porsche plans to intensify its cost-cutting programme and is demanding far-reaching concessions from its workforce, local media reported late on Wednesday.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->The Volkswagen subsidiary has been hit hard by US tariffs and a collapse in the luxury market in China, while executing a costly U-turn on electric vehicles due to a lack of demand.<!-- HTML_TAG_END --><\/p>\n<p> <iframe loading=\"lazy\" title=\"CDS Widget\" src=\"https:\/\/templates.cds.yahoo.com\/remote\/widget?campaignId=e72c3590-5daa-4b1b-a5bf-52b75140bd82&amp;lineItemId=2e2640fe-c05f-41ac-be3f-57bdb8a08051&amp;site=finance&amp;contentId=7e8ac698-f18b-31fb-bffb-19b8c5f1dd04&amp;spaceId=1183300100&amp;providerId=dpa_international_526\" scrolling=\"no\" height=\"400\" data-testid=\"offers-cds-iframe\" class=\"yf-1xws99g\"><\/iframe> <\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->The new cuts focus on Porsche&#8217;s main plant in Zuffenhausen, north of Stuttgart, and at its nearby development centre in Weissach, according to reports in the Stuttgarter Nachrichten and Stuttgarter Zeitung newspapers.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Measures under consideration include the outsourcing of entire operating units and vehicle projects.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->The plans reportedly include scrapping one-off payments and employment anniversary bonuses. Pension provisions are also to be reduced. The plans include references to &#8220;job cuts among employees&#8221; and the &#8220;external relocation&#8221; of services, as well as a reduction in apprentices and guaranteed employment offers for trainees.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Other measures include &#8220;adjustments&#8221; to working-from-home arrangements and working hours, as well as an &#8220;increase in flexibility,&#8221; the newspapers reported, based on documents they had seen.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->A Porsche spokesman said the automotive industry faced immense challenges and that the carmaker&#8217;s future depended on being competitive.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->&#8220;To achieve this, we need to tackle every area,&#8221; the spokesman said. &#8220;In view of the changed conditions, significant cost optimizations are absolutely essential.&#8221;<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->He said that &#8220;confidential&#8221; discussions were ongoing with employee representatives regarding a new set of measures.<!-- HTML_TAG_END --><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/finance.yahoo.com\/news\/luxury-carmaker-porsche-bracing-more-101235025.html\" target=\"_blank\" rel=\"noopener nofollow\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dark clouds can be seen over Porsche AG&rsquo;s main plant. Marijan Murat\/dpa German luxury carmaker Porsche plans to intensify its cost-cutting programme<br \/><button class=\"read-more\"><a href=\"https:\/\/newssprinters.com\/index.php\/world\/luxury-carmaker-porsche-bracing-for-more-massive-cuts\/04\/12\/2025\/\">Read More &rsaquo;<\/a><\/button><\/p>\n","protected":false},"author":1,"featured_media":54726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2],"tags":[],"fifu_image_url":"https:\/\/media.zenfs.com\/en\/dpa_international_526\/81f6288da7191252568d13b01f4e229d","_links":{"self":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/54725"}],"collection":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/comments?post=54725"}],"version-history":[{"count":0,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/54725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media\/54726"}],"wp:attachment":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media?parent=54725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/categories?post=54725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/tags?post=54725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}