Reports in Germany indicate that the additional job cuts announced at German sports car manufacturer Porsche could eliminate as many as 4,000 more positions.
According to the German business daily Handelsblatt, employees in management and administrative affairs will be the hardest hit by these measures, and around 30% of operational capacity at the development centre in the city of Weissach is set to be reviewed.
In response to an inquiry from the German news agency dpa, a Porsche spokesperson declined to confirm the specific number of jobs affected, but pointed to a comprehensive future package currently being developed with the aim of making the company's structure leaner.
The spokesperson added that details of the package are expected to be announced by the end of July. The company's management and employee representatives are currently in negotiations over the launch of another austerity package.
Porsche Chief Executive Michael Steiner had already announced in March a broad new round of job cuts, to be added to a first package under which around 1,900 positions in the Stuttgart area are already scheduled to be eliminated by 2029 through socially acceptable means.
In addition, the contracts of around 2,000 temporary workers have expired. Porsche also announced in May that it intends to close three of its subsidiaries, a move that will affect a further 500 workers.