Porsche to add more than 1,000 employees by 2015 as will introduce more models

Article by Christian Andrei, on February 15, 2011

By 2015, Porsche AG will have 1,000 more employees, Volkswagen Group sources told Automotive News Europe. The carmaker is reportedly doing this to meet the planned model expansion and sales targets. For the production of Porsche's new compact SUV, codenamed the Cajun, 500 jobs will be added.

The Cajun is slated to go on sale in Europe in 2013 while it will arrive in North America about six months later. Where production of the Cajun will take place has yet to be confirmed but a decision by Porsche's supervisory board is due in mid-March.

VW group sources said that it’s likely that the Cajun will be built alongside the Cayenne full-size SUV and the Panamera sport-sedan in Porsche's factory in Leipzig, Germany.

Porsche is expected to spend from 500 million euros to 750 million euros for the new body and paint shops at Leipzig. Meanwhile, VW will hire another 500 employees, mainly engineers, at its development center in Weissach, near Stuttgart. Internal plans indicate that a further 500 jobs will be added between 2015 and 2018.

In addition, Automotive News Europe has learned from management board circles that for the development of future products, Porsche expects to spend at least 500 million euros between 2011 and 2015. Porsche will require more workers as it expands its lineup from four cars to seven.

Porsche will also have new development responsibilities within the VW Group as Porsche is merging with VW. In the mid-term, Porsche will be working to more than double its annual unit sales to 200,000 from about 97,000. Porsche has yet to comment on this report with regards to the planned investments. [via autonews - sub. required]

Topics: porsche

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