Porsche will also be frugal when it comes to filling new roles. Workers at the large factory in Stuttgart-Zuffenhausen and its research facility in Weissach will bear the brunt of the cuts.

Porsche chief executive Oliver Blume said that the company's annual results in Stuttgart that the company will push through a savings programme and alter corporate structure. He added that there ...

Only when pre-orders warranted production moved to Stuttgart, where a Porsche factory and company headquarters remain to this day. Porsche, like other European automakers of the day, used motor racing ...