MAN SE plans to lay off 1,400 workers and restructure the turbo engine department

MAN SE, Volkswagen’s German truck manufacturing division, plans to lay off 1,400 workers and thus affect the department’s declining earnings. The head of MAN Diesel & Turbo said that they have to adapt in a continuously demanding market environment, and that the turbomachinery industry is in specific problems and expects orders to remain at currently low levels in the coming years. They plan to increase profits by 450m euros through effective measures, including restructuring. Volkswagen is taking all measures to reduce costs as the car department continues to struggle with the exhaust emissions scandal but is also preparing new technologies such as electric cars. The IG Metall union said separately that in MAN Diesel & Turbo the redundancies include about 1,000 jobs in Germany.