VW truck unit MAN to cut up to 9,500 jobs

MAN is part of Traton, VW Group’s listed truckmaking division, which was formed to compete with global commercial vehicle rivals Daimler and AB Volvo. (Bloomberg)

By:

Bloomberg

September 11, 2020 11:03 AM

Volkswagen Group’s truck unit, MAN, plans to cut up to 25 percent of its workforce and potentially close three factories in a restructuring plan to improve earnings and finance investment in new vehicles.

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