{"id":63623,"date":"2026-07-29T16:33:15","date_gmt":"2026-07-29T16:33:15","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/63623\/"},"modified":"2026-07-29T16:33:15","modified_gmt":"2026-07-29T16:33:15","slug":"porsche-restructuring-porsches-restructuring-strategy-yields-positive-results-ceo-says-ethrworld","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/63623\/","title":{"rendered":"Porsche Restructuring: Porsche&#8217;s Restructuring Strategy Yields Positive Results, CEO Says, ETHRWorld"},"content":{"rendered":"<p>                                        <img fetchpriority=\"high\" decoding=\"async\" width=\"590\" height=\"442\" class=\"unveil\" loading=\"eager\" style=\"width:100%;max-height:100%\" src=\"https:\/\/www.europesays.com\/germany\/wp-content\/uploads\/2026\/07\/132715804.cms.png\" captionrendered=\"1\" alt=\"&lt;p&gt;Both Porsche and parent Volkswagen are targeting comprehensive overhauls, hit by billions in U.S. tariff charges, weak sales in China and cost pressures in Germany.&lt;br&gt;&lt;\/p&gt;\"\/>Both Porsche and parent Volkswagen are targeting comprehensive overhauls, hit by billions in U.S. tariff charges, weak sales in China and cost pressures in Germany.By Rachel More<\/p>\n<p>BERLIN, <a id=\"19927240\" type=\"General\" weightage=\"20\" keywordseo=\"Porsche\" source=\"keywords\" meta.keywordsubtype=\"org\" meta.entityname=\"Porsche\" meta.hostid=\"342\" class=\"news-keywords\" href=\"https:\/\/hr.economictimes.indiatimes.com\/tag\/porsche\" rel=\"nofollow noopener\" target=\"_blank\">Porsche<\/a>&#8216;s restructuring measures have enabled the luxury carmaker to confirm 2026 \u200cguidance despite \u2060multiple \u2060challenges, it said after reporting half-year results on Wednesday.<\/p>\n<p> CEO Michael Leiters said the company, majority owned by Volkswagen, had worked intensively on strategy since he took the job at the start of the year but warned that a lot of work remains to be done. A new package of job cuts, bringing \u2060the total \u200cto about 9,000, or 20% of the workforce, is expected to hit second-half results by between \u20ac300 million ($342 million) \u2060and \u20ac400 million, with an impact in a similar range next year, said finance chief Jochen Breckner.<\/p>\n<p> &#8220;But we are convinced that this expenditure will soon pay off,&#8221; Breckner added. Both Porsche and parent Volkswagen are targeting comprehensive overhauls, hit by billions in U.S. tariff charges, weak sales in China and cost pressures in Germany.<\/p>\n<p>&#8220;The financial figures for the \u200cfirst half of the year are in line with our expectations,&#8221; Breckner added, citing rigorous cost management and positive effects from a \u2060shift towards high-end, margin-boosting cars &#8211; a key pillar of Leiters&#8217; turnaround strategy.<\/p>\n<p> Group operating profit grew by 34% to \u20ac1.35 billion in the first half of the year, Porsche said.<\/p>\n<p> While revenue slumped 5%, the company posted an operating return on sales in the six-month period of 7.8%, above its targeted range of 5.5% to 7.5% for the full year.<br \/>  ($1 = 0.8772 euros)<br \/> (Reporting by Rachel More Editing by Linda Pasquini and David Goodman)                    <\/p>\n<p>                                    Published On Jul 29, 2026 at 08:44 PM IST<\/p>\n<p>\n                Join the community of 2M+ industry professionals.<br \/>\n                Subscribe to Newsletter to get latest insights &amp; analysis in your inbox.\n            <\/p>\n<p>                    All about ETHRWorld industry right on your smartphone! <\/p>\n<p>                        <img decoding=\"async\" loading=\"lazy\" width=\"90\" height=\"90\" src=\"https:\/\/www.europesays.com\/germany\/wp-content\/uploads\/2026\/07\/hr_barcode.png\" alt=\"\"\/>                        <\/p>\n","protected":false},"excerpt":{"rendered":"Both Porsche and parent Volkswagen are targeting comprehensive overhauls, hit by billions in U.S. tariff charges, weak sales&hellip;\n","protected":false},"author":2,"featured_media":63624,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20947],"tags":[48552,8406,48550,48553,41367,41368,5356,48551],"class_list":["post-63623","post","type-post","status-publish","format-standard","has-post-thumbnail","category-volkswagen","tag-operating-profit-increase","tag-porsche","tag-porsche-ceo-michael-leiters","tag-porsche-half-year-results","tag-porsche-job-cuts","tag-porsche-restructuring","tag-volkswagen","tag-volkswagen-majority-owner"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/63623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=63623"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/63623\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/63624"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=63623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=63623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=63623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}