Industry: What's next for the major job reduction programs?:
Here you will find information on the topic of "Industry". Read now "What's next for the ...
zeit.de/news/2026-01/05/wie-geht-es-mit-den-grossen-stellenabbau-programmen-weiter
Photo: zeit.de · view article
Job Cuts Deepen in Baden-Württemberg's Key IndustriesIndustry leaders like Bosch and Porsche plan up to 29,000 layoffs by 2029 amid ongoing cost-cutting efforts.
- Mercedes-Benz aims to save billions annually by cutting indirect staff to restore profitability amid weak sales in key markets.
- Porsche is set to eliminate 1,900 jobs by 2029 in Stuttgart and is negotiating further reductions securing employment until 2035.
- Bosch announced plans to cut around 13,000 positions worldwide to close a €2.5 billion annual cost gap.
- Other suppliers including ZF, Mahle, Daimler Truck, Voith, and Trumpf are also implementing extensive workforce reductions to stay competitive.
It's not about competing to see who lays off the most employees. It's about achieving our financial goals.— A spokesperson from Mercedes-Benz regarding the company's cost-cutting measures.
Story Details
| Last Updated | |
| Total Articles | 1 |
Main Topics
Similar to This
Previous
Can the German automotive industry breathe a sigh of relief?: Millions fewer hybrid vehicles from China - | Industry association VDA welcomes agreement with EU.
stuttgarter-nachrichten.de/wirtschaft/kann-die-deutsche-autoindustrie-aufatmen-hybridautos-china-79555043.html
Porsche: Leiters tests pain threshold with prices up to 13 million euros: Porsche CEO Michael Leiters wants to make the sports car manufacturer smaller ...
handelsblatt.com/unternehmen/industrie/porsche-leiters-testet-schmerzgrenze-mit-preisen-bis-13-millionen-euro/100258224.html
Paid articlePaywall
Opinionmanage:mobility: Poor car-rich and failed luxury electric cars: The car as a wealth killer, the e-debacles of Ferrari, Aston Martin and Co ...
manager-magazin.de/unternehmen/mobilitaet/porsche-bmw-accell-ferrari-der-newsletter-manage-mobility-a-80efccd9-3b41-46c9-bf14-949ee6a73621
Hensoldt plans to hire 1,600 people: Where will the skilled workers come from?: The company isn’t just growing rapidly in Oberkochen. But new buildings alone ...
schwaebische.de/regional/ostalb/aalen/hensoldt-will-1600-menschen-einstellen-woher-kommen-die-fachkraefte-4742089
Key FactsHensoldt Accelerates Hiring to Meet Growing Demand
Jul 25, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: schwaebische.de
Summary created with AI assistance · Source: schwaebische.de
- Hensoldt plans to hire 1,600 new employees in Germany during 2026 to address the increasing need for skilled workers.
- A newly opened 41,000 square meter campus in Oberkochen consolidates departments and will expand staff from 700 to roughly 900.
- The company prioritizes specialists in system and software development and electrical engineering due to the shift toward software-driven defense technology.
- A partnership with Voith aims to attract displaced workers, helping to manage a backlog of orders valued at 9.8 billion euros.
Data are the key— Bundesminister of Defence Boris Pistorius, during a visit, on the role of data in integrating information and keeping Germany technologically independent.
ZF Friedrichshafen: Job cuts meet arms boom: The automotive industry in the southwest is going through a severe crisis and cutting jobs ...
faz.net/aktuell/wirtschaft/unternehmen/zf-friedrichshafen-stellenabbau-trifft-ruestungsboom-201035101.html
Bosch Is Structurally Abandoning Germany, and No One Is Talking About It: Bosch in upheaval: a 400 million euro loss, massive job cuts, and a focus on China ...
focus.de/finanzen/bosch-gibt-deutschland-strukturell-auf-keiner-redet-darueber_4a6e7e4a-040b-46f4-9218-cf6d6db04847.html
,regionOfInterest=(1062,551)&hash=18aa01a849c952d8601a444ca64402011596196de2c4009b4a2dd34a66e3b8bf)
The silent crisis of suppliers behind the loud VW earthquake: Bosch in upheaval: -400 million euros in results, massive job cuts and a focus on China ...
focus.de/finanzen/die-stille-krise-der-zulieferer-hinter-dem-lauten-vw-beben_4a6e7e4a-040b-46f4-9218-cf6d6db04847.html
Porsche employees miss out on bonus: The automotive industry is in crisis – | and that also applies to Porsche. This is now affecting the employees' ...
focus.de/finanzen/boerse/die-porsche-belegschaft-geht-bei-praemie-leer-aus_4becc3e9-dbed-4949-9c06-6f5d93ce2444.html
,regionOfInterest=(600,600)&hash=1fb4a19f6abb301641c2d6801014ece49866cbe57f1a8419e12900102f399ddf)
Key FactsPorsche Halts Employee Bonuses Amid Financial Crisis
Apr 24, 2026 · Reading time: ~30 sec.
Summary created with AI assistance · Source: swr.de
Summary created with AI assistance · Source: swr.de
- Due to the company's difficult financial situation, Porsche employees will not receive voluntary bonuses for fiscal year 2025.
- Bonus amounts decreased from €9,690 in 2023 to €5,250 in 2024 before being completely eliminated in 2025.
- The firm's net profit dropped by 91.4% to €310 million, alongside a nearly 10% decline in revenue.
- Management also foregoes annual bonuses and is negotiating further cost reductions and layoffs amid market challenges.
New Porsche CEO announces further job cuts - | and makes a clear statement: Porsche in crisis: Profits plummet by 91 percent, and the shift away from combustion ...
giessener-allgemeine.de/wirtschaft/neuer-porsche-chef-kuendigt-weiteren-stellenabbau-an-und-macht-klare-ansage-zr-94216217.html
Why car manufacturers are cutting jobs despite billion-dollar profits: VW, Mercedes, BMW, and Porsche continue to make a profit. Why they are still saving money ...
nordkurier.de/wirtschaft/warum-autobauer-trotz-milliardengewinn-jobs-streichen-4429506
Massive profit slump: Why Porsche is dragging VW into the abyss: Severe crisis at VW: Profits are dwindling, 50,000 employees have to leave ...
schwaebische.de/wirtschaft/gewaltiger-gewinneinbruch-warum-porsche-vw-in-den-abgrund-zieht-4422293
VW to cut 50,000 jobs amid Trump tariffs and falling Chinese sales: Car group reports 54% drop in pre-tax profits as it says Iran war could affect demand for ...
theguardian.com/business/2026/mar/10/vw-cut-jobs-trump-tariffs-chinese-sales-audi-porsche
Porsche to cut more jobs after costly reversal of electric car strategy: German carmaker has struggled with rising competition in China, a key market for ...
theguardian.com/business/2026/mar/11/porsche-cut-more-jobs-costly-reversal-electric-car-strategy
Stuttgart-based car manufacturer - | Blume: Porsche board member will not receive a bonus this year
stuttgarter-nachrichten.de/inhalt.stuttgarter-autobauer-blume-porsche-vorstand-erhaelt-in-diesem-jahr-keinen-bonus.586a516c-4903-46d4-ac70-f050c6fc109f.html
Key FactsPorsche Board Foregoes Bonuses Amid Crisis
Dec 12, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: stuttgarter-nachrichten.de
Summary created with AI assistance · Source: stuttgarter-nachrichten.de
- No bonuses will be paid to Porsche’s board members this year due to the company's ongoing crisis.
- The entire executive board voluntarily reduces their pay by 11% in 2025 and 2026, gradually lowering cuts until 2029.
- Oliver Blume will step down from his dual role as Porsche and VW CEO at the start of 2026 to focus on Volkswagen.
- Significant savings are planned at Porsche, including staff reductions, elimination of one-time payments, and changes to remote work policies.
We will not be making any special payments at Porsche this year, starting with the board, which will not receive a bonus this year.— Oliver Blume, CEO of Porsche, comments on the current crisis situation of the company.
Cost-cutting measures at Porsche: Porsche management aims for further massive savings
handelsblatt.com/dpa/sparhammer-bei-porsche-porsche-management-strebt-weitere-massive-einsparungen-an/100180924.html
Huge severance packages: Once again, the older employees are to be let go: Large corporations are massively reducing their workforce with sometimes enormous ...
schwaebische.de/wirtschaft/gewaltige-abfindungsprogramme-mal-wieder-sollen-die-alten-weg-4137545
Volkswagen: VW CEO Oliver Blume must fear for support from the Porsches.: Porsche is struggling, and Volkswagen's plans are uncertain. In the midst of the most ...
handelsblatt.com/unternehmen/industrie/volkswagen-vw-chef-oliver-blume-muss-um-rueckhalt-bei-den-porsches-bangen/100176154.html
Paid articlePaywall Volkswagen: More than 25,000 job losses at VW contractually agreed: VW is pushing ahead with job cuts at a rapid pace – but many of the agreed departures will ...
handelsblatt.com/unternehmen/industrie/volkswagen-mehr-als-25000-job-abgaenge-bei-vw-vertraglich-fixiert/100173430.html
Paid articlePaywall Many Trumpf employees are already foregoing their salary.: The mechanical engineering company Trumpf is responding to the economic downturn with austerity ...
schwaebische.de/regional/baden-wuerttemberg/viele-mitarbeiter-bei-trumpf-verzichten-jetzt-schon-auf-gehalt-3569384
Structural adjustments at Voith have consequences for employees in Germany: Technology group Voith has planned structural adjustments in a business area ...
fr.de/wirtschaft/strukturelle-anpassungen-bei-voith-haben-folgen-fuer-mitarbeiter-in-deutschland-zr-93031585.html
Next