Germany’s MAN SE prepares to cut 1,400 jobs at its diesel-engine operations, aiming to increase savings by over 450 million euros ($506 million).
The restructuring plan consists of streamlining internal processes, cutting expenses in development, distribution and other areas and promoting technique and portfolio advancement, it stated on Friday.
Orders for new turbo engines could stay at current low levels for many years to come, President Uwe Lauber stated, citing external aspects which he did not specify.
“For this reason, we have to prepare ourselves and increase our versatility and performance even further,” the CEO stated.
MAN’s core truck making company had revealed 1,800 job cuts as part of a more comprehensive reshuffle of production in Europe last year, stimulated by parent Volkswagen‘s goal to line up heavy-truck brands MAN and Scania more carefully.
Augsburg-based MAN Diesel & Turbo stated it wants a site in Hamburg to focus on service and after-sales, and facilities in Oberhausen and Bengaluru to manage production of steam turbines. A plant in Berlin will in future make parts for turbomachinery, it stated.
