VW truck maker MAN plans to cut up to 9,500 jobs

MAN said a partial relocation of some of the development and production processes to other sites is planned.
By : PTI
| Updated on: 11 Sep 2020, 08:56 PM
Representational image of a MAN truck.
Representational image of a MAN truck.
Representational image of a MAN truck.
Representational image of a MAN truck.

Truck and bus maker MAN, a subsidiary of Volkswagen, said Friday that it plans to shed up to 9,500 jobs worldwide as part of a cost-cutting drive.

MAN said the planned package of measures is intended to improve the company's operating result by about 1.8 billion euros (about USD 2 billion) and will involve a “fundamental restructuring" of all areas of its business.

It said that “a partial relocation of some of the development and production processes to other sites is planned" and that plants in Steyr, Austria and in Plauen and

(Also Read: Volkswagen's new ID.3 electric car panned by Germany's leading test publication)

Wittlich, Germany “are up for discussion." The company plans to start negotiations soon with employee representatives on the plan.

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The auto and truck industry has taken a huge hit during the pandemic, as sales plunged in markets around the world.

First Published Date: 11 Sep 2020, 08:55 PM IST
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