MAN Truck & Bus SE has decided on a package of measures aimed at improving earnings by up to 1.7 billion euros , including the reduction of its German workforce by about 3,500 jobs, the company said Tuesday.
The measures were agreed upon by employee representatives and management at MAN Truck & Bus, part of Volkswagen AG's Traton SE unit. The agreement clears the way for a realignment at MAN, the company said. The commercial-vehicle manufacturer plans to reorganize in response to the industry's transformation, addressing the challenges of carbon-free mobility, digitalization and automation.
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