Porsche has entered into a long-term agreement with workers' representatives and the IG Metall trade union to ensure the operation of its plants in Zuffenhausen and Weissach until the end of 2035, according to Automobilwoche.
The company will invest 2.1 billion euros in these two businesses, maintain production of two-door sports cars in Zuffenhausen, expand its lucrative car customization business, and maintain centralized development of all model lines in Weissach. Instead, employees will agree to significant cost-saving measures, in particular the rejection of 3.5% of future collective wage increases, a reduction in Christmas bonuses, a reduction in remote work and changes in the regime of breaks and production cycles. Senior executives will also refuse to raise their salaries in 2027 and 2028.
Porsche plans to cut another 5,000 jobs by 2035 through natural staff attrition, partial retirement and voluntary layoffs, while excluding forced layoffs during the term of the agreement. Employees subject to the collective agreement will receive a 1,500 euro conversion bonus in August 2026, while IG Metall union members will receive 1,911 euros, an additional annual day off and a 200 euro voucher. Despite the concessions, the first reaction of the staff was positive. The employees described the deal as a reasonable price for a long-term job guarantee and expressed confidence in CEO Michael Leiters' strategy. This deal is a central part of the planned corporate reorganization of Porsche under the name "Sportwagenschmiede 35".
