The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture Of Motor Vehicles
1,900 jobs Number of planned job losses
Announcement Date
13 February 2025
Employment effect (start)
13 February 2025
Foreseen end date
1 January 2029
Description
As announced on 13 February 2025, car manufacturer Porsche plans to cut 1,900 jobs in Germany by 2029, affecting its main plant in Stuttgart-Zuffenhausen and the Weissach site in Baden-Württemberg.
Despite the reductions, a job security agreement remains in place for Porsche employees until 2030, ensuring that compulsory redundancies are excluded. As a result, the company will rely on voluntary measures, including early retirement options for employees born in 1970 or earlier, restrictions on new hires, and natural attrition through retirements.
These cuts come in addition to previously announced reductions among temporary employees, whose contracts have been gradually phased out since 2024, following Porsche’s decision to stop renewing fixed-term contracts. The company attributes the job cuts to challenging geopolitical and economic conditions.
Eurofound (2025), Porsche, Internal restructuring in Germany, factsheet number 202363, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202363.
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