The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.10 - Manufacture of motor vehicles
1,800 jobs Number of planned job losses
Announcement Date
24 June 2015
Employment effect (start)
24 June 2015
Foreseen end date
31 December 2017
Description
German truck manufacturer MAN will cut 1,800 jobs as part of its austerity programme by the end of 2017. The company plans to do so without compulsory redundancies nor site closures. A total of 400 out of 1,800 job cuts will be affected in production areas and the remaining 1,400 in management positions. In March 2015, MAN had announced its plans to step up its austerity measures previously limited to its truck division and extend these to the entire group.
MAN is a German mechanical engineering company and parent company of the MAN Group. MAN is headquartered in Munich where 9,200 employees are working. Its primary output is for the automotive industry, particularly heavy trucks. Currently, 36,000 employees are working at MAN worldwide of which 20,000 work in Germany.
Sources
24 June 2015: Focus (online)
24 June 2015: FAZ Online
Citation
Eurofound (2015), MAN, Internal restructuring in Germany, factsheet number 84331, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84331.
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