Porsche plans to shift production of its Cayenne SUV from Slovakia to its Leipzig ​plant in Germany to boost capacity utilisation, ‌the Frankfurter Allgemeine Zeitung newspaper reported on Saturday.

A Porsche spokesperson declined to comment on the story, which came ​a day after reports that Porsche's parent, ​Volkswagen, is considering shutting four German factories and ⁠ramping up job cuts to as many ​as 100,000.

The production move is conditional on workers agreeing to pay cuts, as wages in Slovakia are significantly lower than ​those of Porsche staff in Germany.

According to ​sources representing workers, the aim is to secure long-term capacity ‌utilisation ⁠at the Leipzig plant.

Porsche, whose deliveries fell in the first quarter, currently has significant overcapacity in Germany.

The company declined to comment on the plan ​to the ​paper, but ⁠confirmed it was talking to employee representatives.

Porsche's pitch is part of broader ​cost-cutting measures at Volkswagen.

The plan comes ​after ⁠Porsche opted not to renew the contracts of several hundred temporary workers, and the firm wants ⁠to ​cut 200 jobs by August ​through voluntary redundancy agreements and severance offers.

-Reuters