Porsche CEO Michael Leiters is pushing to quickly wrap up negotiations on a second cost-cutting package at the German sports car manufacturer, according to an interview published Saturday in Frankfurter Allgemeine Sonntagszeitung.
“We want to reach an agreement with the employees before the factory holidays in July. Porsche employees need clarity,” Leiters said.
The company has already announced plans to eliminate 1,900 positions over the coming years, following the layoff of 2,000 temporary workers last year. Leiters also indicated that Porsche intends to scale back production to levels below the roughly 280,000 vehicles it sold in the previous year.
“Porsche has to make money with fewer cars,” Leiters told the publication.
As part of its restructuring strategy, Porsche is also looking to work more closely with its sister company Audi. The company confirmed that its entry-level 718 model series will remain in production.
The automaker’s financial troubles have continued to deepen, with profits declining further in the first quarter of 2026 as the company grapples with tariff pressures, geopolitical uncertainty, and weaknesses in its current vehicle lineup.
