EMCC European Monitoring Centre on Change

MAN

Company/Organisation:
MAN

Geographic Location

Country: Germany

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Number Employed: 36000

Employment Effects

Announcement Date: 26-01-2021
Planned Job Reductions min: 3500
Planned Job Reductions max: 3500
Type of Restructuring: Internal restructuring
Employment Effect Start: 26-01-2021
Other Job Reduction Measures: 3500

Additional Information

As announced on 26 January 2021, the German commercial vehicle manufacturer MAN will be cutting 3,500 jobs in Germany until 2023 due to internal restructuring. The job reduction is part of a major restructuring programme which intends to save €1.7 billion annually. The company plans to focus on electric and hydrogen drives in the future, respecting the climate requirements set by the European Union. Previously, MAN had planned a more severe restructuring including the loss of 7,300 jobs in Germany and cost saving of approximately €1.8 to €2 billion annually. Due to immense resistance by the works council, the restructuring will be less severe than expected. MAN intends to avoid compulsory redundancies.  

Currently, MAN has 36,000 employees in Germany.