Porsche has agreed to cut around 5,000 more jobs by 2035 under a new "Future Package" deal with IG Metall and the works council. That comes on top of the ~3,900 previously agreed and the 500+ positions lost from closing three non-core subsidiaries. That brings total planned reductions to roughly 9,000 positions — about one in five workers. Christmas bonuses and future pay increases are being trimmed, mobile work is capped at eight days a month, and workers get a €1,500 transformation bonus in August. The restructuring is driven mainly by collapsing China sales — down 32% in H1 2026 — and a slower EV transition.