New Delhi, Sept. 19 -- Volkswagen's latest turnaround push could bring another round of job cuts at Porsche, with more than 4,000 positions reportedly at risk.

In July, Porsche management and labour representatives announced an additional 5,000 layoffs on top of the 4,000 previously agreed.

German business daily Handelsblatt reported on Saturday, "Files documenting a recent agreement by Volkswagen's supervisory board to usher in the German auto group's largest restructuring yet propose reducing 'about 4,100 employees' at the brand, addressing an overhead shortfall of some €700 million ($803.8 million)"

The job cuts would be "in addition to existing agreements," the newspaper added.

Both Volkswagen and Porsche declined to comment...