What timeline is set for presenting the streamlining package?

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The streamlining package is scheduled for presentation by the end of July.

A comprehensive future package aimed at streamlining the company is currently under development, with its presentation anticipated by the close of July. This initiative follows previous announcements of job cuts and is part of ongoing negotiations for further savings.
Comprehensive Future Package Under Development

A significant future package is being formulated to streamline operations at Porsche. While specific details remain under wraps, the company has indicated that this package will address various aspects of its structure and workforce.
Negotiations for Savings Underway

Management and employee representatives are actively engaged in negotiations for an additional savings package. This process is a continuation of efforts to manage costs and improve efficiency within the organisation.
Previous Job Cut Announcements

This new package builds upon earlier announcements of extensive job cuts made by Porsche. In March, additional extensive job cuts were disclosed, adding to an initial package that already planned for significant reductions.
Impact on Workforce

The ongoing streamlining efforts have already seen approximately 1,900 jobs in the Stuttgart region slated for reduction by 2029, without compulsory redundancies. Furthermore, contracts for around 2,000 fixed-term employees have expired, and the closure of three subsidiaries in May will affect an additional 500 employees.

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What timeline is set for presenting the streamlining package?

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