Porsche AG have promised their German workforce that they will secure the jobs of the 8,600 workers for the next five years, on the condition that they pledge to boost productivity by more than 6 percent every year. They have also cooked up a long term plan for growth within the country, with the investment of an indefinite amount of money (few hundred millions of Euros) in three of its German plants in Stuttgart, Weissach and Ludwigsburg. Moving everything slightly closer to home seems to be their current plan of action, as they are also moving production of the Boxster roadster, which is built at Finland’s Valmet Automotive, to Stuttgart permanently next month. This will partly help to secure jobs for the German workforce while filling up unused capacity in Stuttgart.
Starting early next year, Valmet will only supply the painted car bodies of the Cayman coupe, which will be then assembled in Stuttgart. This has gotten Porsche labour leader expecting the need for extra shifts, saying daily output will likely rise from 140 units per day to 200 units. If by any chance production capacity reaches its limits, Porsche will make use of VW’s extensive manufacturing network, which is not a stretch as Volkswagen’s Hanover plant already supplies the painted bodies of the Porsche Panamera GT.
“Against this backdrop, we are confident that we can continue to increase our revenue and earnings in the coming years,” said Porsche outgoing CEO Michael Macht.