Finance
Truck maker MAN announces investment and cuts in deal to save jobs
Published by Global Banking & Finance Review®
Posted on January 15, 2026
1 min readLast updated: January 19, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 15, 2026
1 min readLast updated: January 19, 2026
MAN Truck & Bus will invest €1 billion in Germany by 2030 while cutting costs by €900 million, ensuring job security until 2035.
Jan 15 (Reuters) - Traton's <8TRA.DE> MAN Truck & Bus will invest nearly one billion euros in its German sites by the end of 2030 while also cutting costs, in a deal struck with labour representatives to secure jobs, the company said on Thursday.
The German truck maker said it would reduce costs by around 900 million euros ($1.05 billion) by 2028.
The company said it had agreed with the works council and IG Metall union to grant job security at least until the end of 2035.
IG Metall did not immediately respond to a request for comment.
In November, IG Metall had warned that around 3,000 jobs could be lost at MAN in Germany within a decade and criticized the relocation of production to Eastern Europe.
($1 = 0.8595 euros)
(Reporting by Linda Pasquini, Ilona Wissenbach and Rachel MoreEditing by Madeline Chambers)
Investment refers to the allocation of resources, usually money, in order to generate income or profit. It can involve purchasing assets like stocks, bonds, or real estate.
Cost reduction is a strategy used by companies to lower their expenses and improve profitability. This can involve streamlining operations, reducing waste, or renegotiating supplier contracts.
Job security refers to the assurance that an employee will keep their job without the risk of becoming unemployed. It is often influenced by the stability of the company and the economy.
Employment opportunities are job openings available to individuals seeking work. These can arise from company expansions, new projects, or workforce replacements.
A works council is a representative body of employees in a company that engages in discussions with management regarding workplace conditions, rights, and job security.
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