Volkswagen's Model Is In Crisis. Its Porsche Unit Will Shed 20% Of Its Jobs Over The Next Decade

Volkswagen's Porche is set to shed about 20% of its jobs over the next decade, the company announced. (Credit: Jens Schlueter/AFP via Getty Images)

Volkswagen's Porsche is set to shed about 20% of its jobs over the next decade, the company announced.

Concretely, Porsche management and labor representatives said 5,000 additional jobs will be made to avoid compulsory redundancies. They will be done through natural attrition and voluntary schemes. Overall, 9,000 jobs will be cut by 2035. The unit's workforce stood at about 42,600 by the end of 2024.