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Porsche Cuts Jobs, Not Firing | Durham News
Porsche is slashing 5,000 jobs by 2035—not through mass layoffs, but via retirements, natural exits, and voluntary buyouts—amid a broader Volkswagen Group overhaul. Slowing sales, especially in China, and the costly race to develop gas, hybrid, and electric vehicles are forcing tough choices. Employees staying on face slower raises, smaller bonuses, and less remote work (down to 8 days/month), but gain job security and a €2 billion investment in German plants. Pay hikes are deferred until 2035, the Christmas bonus is shrinking, and a one-time €1,500 bonus (plus a bit more for some union…
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