MAN Terminates Job-Security Agreements in Germany, Austria
September 29 2020 - 6:56AM
Dow Jones News
By Kim Richters
MAN SE said Tuesday that its MAN Truck & Bus business is
terminating job-security and site-continuation agreements in
Germany and Austria ahead of talks with employee representatives
about planned restructuring.
The German company, which is owned by Traton SE, said it is
terminating the agreements within the stipulated period as of Sept.
30.
If the company and the representatives don't reach an agreement
by the end of 2020, the agreements are to expire according to their
terms. However, they may be reinstated, MAN said.
"This termination also affects benefits beyond the collective
bargaining agreement scale which also relate to this agreement,"
the company said.
MAN said earlier in September that it plans to cut up to 9,500
jobs--or a quarter of its workforce--at MAN Truck & Bus
business in Germany, Austria and other countries.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
September 29, 2020 06:41 ET (10:41 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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