Parent Volkswagen weighs eliminating up to 100,000 positions as Berlin’s energy policies deepen an industrial slump
German luxury carmaker Porsche will eliminate another 5,000 jobs by 2035, bringing its planned workforce reduction to around 9,400 positions as Germany’s once-dominant automotive industry struggles with soaring costs, collapsing competitiveness and government policies that have deprived manufacturers of affordable energy.
The Volkswagen subsidiary reached an agreement with labor representatives on Monday to eliminate the positions without compulsory redundancies, primarily through natural attrition, partial retirement and voluntary severance programs. Under the deal, however, the remaining employees will accept slower wage growth, smaller bonuses, stricter remote-work limits and changes to break arrangements and production cycles...
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