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  • VW-Owned MAN Trucks Looks To Cut Up To 2,000 Jobs

VW-Owned MAN Trucks Looks To Cut Up To 2,000 Jobs

Corporate Restructuring Adding Urgency to Plan

Jun 18, 2015
Volkswagen may be essentially a non-entity in the North American commercial vehicle market, but elsewhere in the world, VW is a major player in the heavy truck market with its MAN and Scania brands. In an effort to streamline business operations ahead a proposed split of Volkswagen AG into four holding companies, management at the division is looking to cut as many as 2,000 jobs at the German truckmaker, Reuters reports.
German companies typically have a much more collaborative, cooperative relationship with labor than U.S. companies, and as such, any major cuts will need at least partial buy-in from labor representatives. VW is hoping to minimize the impact of the proposed cuts by encouraging older workers to take an early retirement or transfer some workers to other divisions within the Volkswagen Group.
Last month, VW announced the formation of “Truck & Bus GmbH” for heavy trucks and buses, likely in anticipation of the creation of the four separate holding companies. MAN’s main plant is in Munich, Germany, with other production facilities in Austria and in the northern German city of Salzgitter. The Salzgitter operations are reportedly being looked at for complete closure. VW management is hoping to save as much as $676 million by 2017 with the proposed reorganization.
Source: Reuters

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