📝Premium Crisis📝
Porsche unveiled a new "future package": by 2035, the company will eliminate approximately 9,000 jobs, cut Christmas bonuses, and restrict remote work. In return, employees receive the main achievement of German social partnership — a guarantee that they won't face forced layoffs as long as they don't leave voluntarily, retire, or sign a severance agreement.
The plan also includes cutting another 5,000 positions in Zuffenhausen and Weissach — in addition to 3,900 jobs whose elimination was agreed upon earlier, and approximately 500 positions in subsidiary structures. In total, the workforce will shrink by nearly a fifth.
➡️The reason for such cost-cutting is quite material. In 2025, Porsche's net profit fell by 91%, down to 310 million euros. The company loses sales in China — once a key and particularly profitable market — bears costs from American tariffs, and is reconsidering its expensive bet on electric vehicles, which failed to deliver expected returns.
📌Porsche promises to preserve its facilities until 2035 and invest 2.1 billion euros in its main plant and research center. But this is not a growth strategy — it's managed contraction: factories remain, fewer people, worse conditions, and profits are being saved at their expense.
German automakers no longer expand production — they negotiate how painlessly to acknowledge their own retreat.
#Germany
👁@evropar — on the brink of Europe's death
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