Porsche works council: one in four jobs at Porsche AG at risk

FRANKFURT, ‌Dec 10 (Reuters) - One in ‍four ‌jobs at German sports car ⁠maker Porsche ‌is at risk, warned worker representatives on Wednesday, adding that ⁠the management was threatening to relocate ​production and development to ‌lower-cost countries.

"The board ⁠has not yet presented a future vision for our ​German Porsche locations but is threatening to relocate development and production to countries ​with ‍significantly lower ​wage levels. This puts one in four jobs at Porsche AG at risk," said Porsche works council chair ⁠Ibrahim Aslan in a statement.

A Porsche spokesperson ​said that the sector faced immense challenges and significant cost optimisation was ‌necessary.

(Reporting by Ilona WissenbachWriting by Madeline ChambersEditing by Miranda Murray)