GERMANY: Porsche extends short time working to end March
Author: just-auto.com editorial team | 10 December 2009
Porsche, now 49.9% owned by Volkswagen, on Thursday said it would extend shortened working hours at its main Zuffenhausen plant near Stuttgart until the end of March 2010 "in view of the uncertain sales development on the individual markets".
The company is taking 16 days out of the work schedule for the next three months for about 2,300 employees.
"Thanks to the flexible working-time models, Porsche has been able to compensate for sales fluctuations in production over the last few years," the luxury sportscar and SUV maker said in a statement.
"However, working-time accounts reached the minimum level in [autumn] 2009, so the management board and works council decided to announce shortened working hours for the period of September to December, totaling 18 days of shortened hours.
"The works council [agreed] with [Porsche that no] employees will suffer no financial disadvantages as a result of these shortened hours and this will also apply to the further 16 days of shortened working hours that have now been agreed."
This is the first time since 1995 that Porsche has had to resort to implementing shortened hours, the automaker added.
The Leipzig plant in eastern Germany, which produces the Cayenne SUV and newly launched Panamera luxury sedan, is not affected by the shortened hours.
Sectors: Vehicle manufacturers, Vehicle manufacturing
Companies: Porsche, Volkswagen
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