MAN Truck & Bus Agrees on Measures to Improve Earnings by Up to EUR1.7 Billion
March 30 2021 - 3:03AM
Dow Jones News
By Sarah Sloat
MAN Truck & Bus SE has decided on a package of measures
aimed at improving earnings by up to 1.7 billion euros ($2
billion), including the reduction of its German workforce by about
3,500 jobs, the company said Tuesday.
The measures were agreed upon by employee representatives and
management at MAN Truck & Bus, part of Volkswagen AG's Traton
SE unit.
The agreement clears the way for a realignment at MAN, the
company said. The commercial-vehicle manufacturer plans to
reorganize in response to the industry's transformation, addressing
the challenges of carbon-free mobility, digitalization and
automation.
Write to Sarah Sloat at sarah.sloat@wsj.com
(END) Dow Jones Newswires
March 30, 2021 02:48 ET (06:48 GMT)
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