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.
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.
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Wittlich, Germany “are up for discussion." The company plans to start negotiations soon with employee representatives on the plan.
The auto and truck industry has taken a huge hit during the pandemic, as sales plunged in markets around the world.
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