Le Matin – German heavy truck manufacturer MAN plans to cut 9,500 jobs

by

The German heavy-duty manufacturer MAN, a subsidiary of the Volkswagen group, has announced its intention to cut 9,500 jobs, or a quarter of its workforce worldwide. This decision is part of a global restructuring plan implemented by the group, the company said in a press release. The management board “decided on a major reorientation”, including savings of 1.8 billion euros, including “the elimination of up to 9,500 jobs in Germany, Austria and around the world, in all sectors of activity of the group, ‚ÄĚnoted the same source. Three factories, in Steyr in Austria as well as in Plauen and Wittlich in Germany, could be closed, adds MAN.
The group seeks through this approach to “be able to continue to invest in subjects of the future”, while it intends to turn its attention to connected, autonomous, electric or hydrogen powered trucks. MAN will quickly start negotiations with employee representatives “on the restructuring, promising to discuss” socially responsible “solutions. Employee representatives have, however, already announced their opposition to the project for its “massive job destruction”, and they demand that redundancies be excluded. Marked by the Covid-19 pandemic, MAN posted an operating loss of 423 million euros in the first half, with a 26% drop in turnover over one year, to 4.7 billion.

.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.