The supervisory board of VW Group-owned Porsche has approved another phase of restructuring, a company spokesperson told Reuters.
German media reports said the total number of planned job cuts could reach about 9,000.
The company spokesperson declined to discuss the contents of the new package agreed with labour representatives.
The spokesperson said only that the supervisory board had backed the measures.
"Now it's time to finalise the last steps," the spokesperson said in an emailed statement to Reuters.
The latest step comes as chief executive Michael Leiters attempts to reverse a sharp decline at the Volkswagen-owned sports car maker.
Porsche has been hit by weaker sales in China, tariff pressures and costly problems linked to its electric vehicle strategy.
According to Manager Magazin, management is planning a further 5,000 job cuts. Bild reported that Leiters was seeking between 5,000 and 6,000 cuts by 2035.
That would come on top of 3,900 redundancies already agreed under former chief executive Oliver Blume.
Blume now serves only as Volkswagen chief executive after ending a dual leadership structure earlier this year. He is also leading a broader overhaul across Volkswagen Group.
Blume has previously warned that as many as 100,000 jobs could be cut across the group as it seeks to improve cost competitiveness.
Volkswagen is also dealing with pressure from Chinese rivals and billions in US tariff-related costs.
Porsche is expected to present the latest restructuring package to employees on 27 July.
At Volkswagen Group, job cuts are often accompanied by commitments on future employment or plant operations, usually sought by unions.
Porsche was long one of Volkswagen’s strongest profit contributors. But its margins have dropped sharply in recent years, falling from double-digit levels to 1.1% last year.
Leiters’ plan centres on tighter cost controls and a narrower model range. The strategy places greater emphasis on higher-margin vehicles such as the 911 sports car and luxury SUVs.
Among his first moves was the closure of three subsidiaries to sharpen the focus on Porsche’s core business. That decision resulted in 500 job cuts in addition to the 3,900 already announced.
