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German heavy truck maker to lay off 1,800 employees by 2017

 
 
 
 
 
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A truck manufactured by Germany’s MAN SE. The company has decided to lay off 1,800 jobs.

Germany’s MAN SE has decided to lay off as many as 1,800 jobs in the next two years as part of its cost-cutting policies.

The respected truck maker said in a statement that it plans to “realign” some its divisions in Germany, Austria and Poland “avoiding duplication of work … streamlining its indirect areas. This will involve approximately 1,400 management positions and 400 in direct production areas.”

The truck maker, however, added in the statement that there would be no compulsory redundancies or site closures.

“The streamlining will primarily be carried out through voluntary redundancies, semi-retirement and not re-filling positions should they become vacant,” it explained.

MAN Truck & Bus human resources chief Jochen Schumm gave assurance to its workers that “attractive alternatives” will be offered to the employees deemed redundant.

MAN is a subsidiary of European car giant Volkswagen. It supplies heavy trucks, buses, diesel engines and turbomachinery to 120 countries throughout the world. It owns subsidiaries or runs joint ventures with local companies in India, Poland, Turkey, China, the United States, the United Arab Emirates, South Africa, Uzbekistan, Portugal and Austria.

The company celebrated its 250th anniversary in 2008. In the same year, its 51,300 employees generated annual sales of around 15 billion euros. Until September 2012 , MAN SE was one of the top 30 companies in the German stock exchange.

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