Porsche CEO Michael Leiters aims to finalize a second cost-cutting package before the July factory holidays. The company previously reduced its workforce by 2,000 temporary positions. It now plans to cut an additional 1,900 jobs in the coming years.
The manufacturer will operate with lower production capacities than the 280,000 cars sold last year. Leiters stated that Porsche must generate profit from a lower volume of vehicles. The company will increase cooperation with Audi to enhance operational efficiency.
Geopolitical turmoil, tariffs, and model lineup gaps have recently eroded corporate profits. Porsche will continue to produce the entry-level 718 series despite the new savings measures. These actions address a challenging market environment and weakening global demand.