Porsche expands workplace safety | Free Press

Stuttgart (dpa) – The permanent jobs of the sports car manufacturer Porsche at the headquarters in and around Stuttgart are secured for the next ten years.

Job security, which expired in the summer, was extended until the end of July 2030, the company confirmed. It applies to around 22,000 employees in the main factory in Zuffenhausen, in the Weissach development center and in several smaller locations. Therefore, terminations for operational reasons are excluded.

Previously, “Stuttgarter Zeitung” and “Stuttgarter Nachrichten” (Wednesday) and “Automobilwoche” reported. “We have hired a large number of younger employees in recent years. These require a long-term perspective, especially in these times “, said Werner Weresch, director of the works council of” Automobilwoche “.

Porsche has around 36,000 employees around the world. The new agreement does not apply to the Leipzig plant, where negotiations must always take place separately.

According to the newspapers, the employee side will receive the promise that the successor generations of the Porsche 911, Cayman and Boxster sports cars will continue to be produced in Zuffenhausen.

The successor to the Taycan electric car should also roll off the assembly line in Zuffenhausen. The bodies of all Porsche vehicles, as well as a new electric car platform, will be developed at the Weissach development center. Worker representatives in turn agreed to improve productivity and flexibility and thus reduce costs.

The deal was a good financial year for the VW subsidiary despite the Corona crisis. “We are in very good shape,” said a Porsche spokesman.

Porsche had recently made up some ground in the Corona crisis and its return after three quarters was only in the double-digit target range. Porsche AG’s revenue, which also includes financial services, was around 19.4 billion euros at the end of September, five percent less than in the same period last year.

At around two billion euros, the operating result was more than a quarter below the level of the previous year. However, this still results in a 10.4 percent return, which is well above the industry average. The value serves as a measure of the profitability of a company.