Up to 15% fall in staff until 2029: victim of the United States commercial offensive, Porsche is preparing another savings plan

The Commercial War of Customs Rights does not help the automotive sector. Even the Porsche luxury car manufacturer who has announced a new savings plan.

“The situation remains serious and the sector evolves in a very volatile way,” Porsche’s management wrote this Friday, July 18 in a letter addressed to its executives, from which the extracts have been transmitted to AFP.

Therefore, the representatives of employers and employees will negotiate “a second train of structural measures,” Mail said without detailing the planned measures.

This savings program aims to guarantee “long -term business performance,” the letter continues. Management justifies this program for the “considerable challenges” with which the company faces at a global scale.

Drastic drop in sales in China

In China, where sales fell 28% in the first half, “the commercial environment has changed completely,” writes management. A “very technological and very aggressive local competition has been developed in terms of price” in this country, while the luxury segment “has literally collapsed in a short time.”

The sports car manufacturer also refers to the situation in the United States, where the strong increase in customs tasks and “especially the current development of the dollar price” weighs in business. In addition, the transition to electric mobility “is much slower than expected in certain regions of the world,” continues Porsche’s management.

Porsche had already reviewed, in April, his forecasts for the current year in April due to US customs policy, the slowdown in China and the moderate demand for electric cars.

Up to 15% of the workforce for 2029

In February, the group had announced the abolition of 1,900 jobs in Germany -sur 42,000 employees worldwide. In total, the manufacturer plans to reduce its workforce by 15% by 2029, avoiding forced outputs.

The Volkswagen parent company, in the midst of a competitive crisis, announced this winter to want to eliminate 35,000 jobs in Germany in its main VW brand and stop production in two of its factories.