STUTTGART (dpa-AFX) - Employees at sports car manufacturer Porsche must prepare for further job cuts. To streamline the organization, a program was "already set up before my arrival, which we are now tightening comprehensively once again," said the new Porsche CEO Michael Leiters during the presentation of the annual results in Stuttgart. "Yes, and that will also include further job cuts."
The manager left open the scale of the planned job reductions. "This requires discussions between the social partners, and it would be unfair if we were to preempt that here today." He also did not comment on when further details would be provided. However, everyone is aware that they must work on this with great urgency, Leiters said.
According to the information provided, the cuts are intended to be part of a comprehensive future package. This, in turn, is heavily dependent on the new 2035 strategy, the Porsche CEO said. This strategy is expected to be presented in the fall. Leiters also announced on Wednesday his intention to streamline the management structure.
3,900 positions already eliminated
In light of the crisis, Porsche must shrink its structures. The company and employees have already agreed on a savings package: by 2029, around 1,900 jobs in the Stuttgart region are to be cut in a socially responsible manner. In addition, the contracts of around 2,000 temporary employees have already expired. Discussions regarding a further future package had already begun under former Porsche CEO Oliver Blume in the fall. So far, these have yielded no results.
Leiters has picked up this thread: "We are currently in a very early stage of exchange," said the former Ferrari and McLaren manager. He perceives the talks as constructive./jwe/DP/men
