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Porsche CEO assures staff no further job cuts planned, according to memo

By Thomson Reuters Sep 21, 2026 | 2:33 AM

BERLIN, Sept 21 (Reuters) – Porsche CEO Michael Leiters told staff ​there were no ‌plans to cut an additional 4,000 jobs at the Volkswagen sports ‌car ​subsidiary, according ⁠to an internal ⁠memo seen by Reuters on Monday.

The CEO was responding to ​a Handelsblatt report that said Volkswagen’s ⁠supervisory board ⁠viewed another 4,100 ​jobs at the brand ​as superfluous, on top ‌of 9,000 layoffs already agreed.

“There are no plans to ⁠cut an additional 4,000 jobs at Porsche,” Leiters said, ⁠adding ‌that the existing ⁠restructuring plan ​had ‌been approved by ​Porsche’s own ⁠supervisory board.

“We do not anticipate any changes to it.”

(Reporting by Rachel MoreEditing by Ludwig ​Burger)