VW's MAN to cut 1,400 jobs at diesel-engine unit

It aims to streamline internal processes, improve its cost structure and tackle development of the company's strategy and portfolio

VW's MAN to cut 1,400 jobs at diesel-engine unit
Reuters Frankfurt
Last Updated : Sep 23 2016 | 9:48 PM IST

Volkswagen's MAN division plans to cut 1,400 jobs at its diesel-engine unit with the goal of improving cost savings by more than 450 million euros ($504.23 million).

Under the new plan called "Basecamp 3000+", MAN's Diesel & Turbo division aims to streamline internal processes, improve its cost structure and tackle development of the company's strategy and portfolio, it said.

 

 

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First Published: Sep 23 2016 | 9:30 PM IST

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