Porsche says it is being forced to cut workers’ hours owing to a slump in sales.
The company is predicting 18 days of shorter working hours by the end of the year at its main plant in Zuffenhausen, southwestern Germany.
Porsche said it had managed to avoid such measures in recent months though the use of flexible schedules agreed to by workers. But, in a statement, the company said that those ‘have reached their limits’.
Porsche sales have slumped over the past few months and key export markets were not expected to rebound strongly during the fiscal year that began on August 1, the company said.
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