Germany’s MAN SE plans to cut around 1,800 jobs at its main trucks division as the Volkswagen-owned (VOWG_p.DE) company slims operations to lower costs and revive profit, two people familiar with the situation said on Wednesday.
The job cuts will affect 1,400 white-collar employees and 400 staff in production, the people said.
MAN Truck & Bus employs around 33,500 people worldwide, including 15,200 in Germany.
Chosen excerpts by Job Market Monitor. Read the whole story at MAN SE to cut 1,800 jobs at trucks unit: sources | Reuters.
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