Porsche agrees Future Package restructuring: 5000 jobs to go by 2035, €2.1 billion investment

Gareth J. Hargreaves • August 18, 2026 01:13

Porsche has struck an agreement with employee representatives to press ahead with a new restructuring plan that will see more than 5000 roles eliminated by 2035. In return, the German carmaker has pledged to invest €2.1 billion in its Zuffenhausen and Weissach sites and to extend its employment guarantee through to the end of the next decade.

Porsche Future Package within the Sportwagenschmiede 35 strategy

The so-called Future Package, negotiated with the IG Metall union and the Südwestmetall employers’ association, sits within the Sportwagenschmiede 35 strategy. Through this plan, Porsche wants to regain competitiveness at a time when profitability has been slipping, driven mainly by the slowdown in the Chinese market and rising costs.

“One thing is certain: only if we meet our targets and are economically successful will we be able to give our employees the security they need,” said Michael Leiters, Porsche’s Chief Executive.

Fewer staff, lower costs

The reduction of more than 5000 posts will be delivered through retirements, early retirement, natural attrition and voluntary termination agreements. Compulsory redundancies are ruled out until 2035. However, this is just one element of the programme: the deal also sets out a series of cutbacks intended to bring down labour costs and lift productivity.

Pay, bonuses and working patterns

Among the measures is the deferral, until 2035, of 3.5% of the pay rises planned for employees covered by Porsche’s collective bargaining agreement. Senior and top management will also forgo salary increases in 2027 and 2028.

The Christmas bonus will be reduced as well. The voluntary company-funded portion will fall step by step from 45% to 5% by 2035, lowering the maximum bonus from a full month’s salary to 60% of that amount. Remote working will also be capped at eight days per month rather than the current twelve, and changes are planned to break schedules and production cycles.

Benefits for workers

In exchange, Porsche will invest €2.1 billion in its key facilities in Germany. The agreement also extends the employment guarantee until 2035.

According to the brand, the investment will help secure production of two-door sports cars in Zuffenhausen, expand the Sonderwunsch customisation programme and keep the development of all future model ranges in Weissach.

IG Metall members will also gain an extra day of annual leave and an annual €200 voucher. In addition, all employees will receive an extraordinary bonus in August of €1500, rising to €1911 for union members.

“The package was the result of a lot of struggle. Now we need to implement it together with management,” said Ibrahim Aslan, Chairman of Porsche AG’s General Works Council.