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Börse Express – ‘HB’: 6000 jobs are at risk at MAN

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The Volkswagen Group
owned truck builder MAN want a report
according to cut a sixth of his jobs. Be company-wide
6000 jobs are in acute danger, the “Handelsblatt” reported on
Thursday citing group companies. He has this number
Management communicated to the works council at a consultation meeting.
The job cuts are said to be due to fluctuation and
Severance payments are being made.

The company had a massive job cut earlier this week
announced without giving details. CEO Joachim Drees
spoke of a “significant job cuts”, especially in the
Administration. The board and the works council are currently negotiating
which measures would be implemented. The MAN Truck and Bus SE
employs around 36,000 people worldwide – including 21,000 in
Bavaria.

That with the Swedish truck builder Scania to the VW subsidiary Traton
owned company currently has its model range
renewed. But the falling demand for trucks in Europe
increase the pressure to act, Drees said on Monday. He is counting on
a 10 to 20 percent drop in demand this year. In addition
Truck builders have to comply with increasingly stringent CO2 requirements, otherwise
face huge penalties from the EU.

Drees said MAN has had the costs in recent years
already significantly reduced. But further measures are needed ”
To make MAN significantly more efficient and profitable ”
The cost structure is “clearly a need for action”. You have to have his
Profitability increase significantly to the very high investment
to be able to handle the restructuring of the group. “

According to the “Handelsblatt” report, the location in
Austrian Steyr to be closed. The production of
light and medium trucks could go to Germany and Poland
be relocated./zb/jha/

 ISIN  DE0007664039  DE0005937007  SE0000308280  DE000TRAT0N7

AXC0066 2020-03-12 / 07: 01

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