Goa, Sept. 20 -- Porsche could face another round of significant job cuts as parent company Volkswagen moves ahead with a sweeping restructuring programme aimed at reducing costs and addressing weaker financial performance, according to a report by German business daily Handelsblatt.

The proposed restructuring could result in around 4,100 additional employees being cut at Porsche, according to documents linked to a recent agreement by Volkswagen's supervisory board. The reported reductions would come on top of job cuts already agreed between the company and its employees.

The latest proposal is part of Volkswagen's broader effort to reduce overheads across its operations as the German automotive group faces a challenging business enviro...