Truck builders under pressure – VW subsidiary MAN cuts 9,500 jobs – News

• Volkswagen wants to cut up to 9,500 jobs at its MAN truck and bus subsidiary in Germany and Austria.
• This should result in an improvement in earnings of 1.8 billion euros by 2023.

MAN announced this. Jobs will be eliminated in all areas, and managers want to move production and development to other locations.

Expensive planned renovation

Major job cuts at MAN have been debated for a long time because the group’s costs were already too high before the crown crisis. More recently, up to 6,000 positions were mentioned in media reports.

For the conversion, MAN estimates costs in the mid to upper triple digit million range. Negotiations with workers’ representatives will start as soon as possible.

MAN and the Swedish truck manufacturer Scania are part of the Volkswagen Group. The industry is also under pressure due to the sharp drop in demand for trucks around the world. In Europe, MAN anticipated a 10 to 20 percent decline this year even before the corona pandemic.