German automotive giant Porsche is expanding its comprehensive restructuring plan due to slowing global sales and increasing cost pressures. According to reports in the German press, the company is preparing to lay off approximately 4,000 more people.

The sports car manufacturer, which operates from its headquarters in Zuffenhausen, Germany, is reportedly expanding its previously announced savings program. According to the Handelsblatt newspaper, the new wave of layoffs will particularly affect employees in management and administrative units.

Weissach R&D Center Also Under Review

The report stated that approximately 30 percent of the capacity at Porsche's development center in Weissach is being re-evaluated. This is considered a sign that significant downsizing will also occur in the engineering and research and development (R&D) departments.

Official Statement from Porsche

A Porsche spokesperson, in a statement regarding the matter, avoided confirming the claims about the number of employees to be laid off. However, the spokesperson stated that the company is working on a comprehensive "future package" aimed at increasing efficiency and announced that the plan in question will be shared with the public by the end of July.

Meanwhile, it was learned that discussions are ongoing between company management and employee representatives regarding additional cost reduction measures and new savings plans.

Industry experts point out that the increasing competition in the electric vehicle market, the slowdown in global demand, and the transformation process in the automotive sector are pushing many German car manufacturers, especially Porsche, to implement stricter cost policies.