Jan 26, 2009 – The truck-production facilities of German MAN AG (FSE:MAN) will remain idle for 70 days in the first half of 2009, a spokesman for MAN’s truck division said on Monday.
There are no production plans for the second half of the year but further stoppages are possible if the negative economic conditions persist.
Of the 70 days with no production, 42 will be offset with short-time work, which will affect 9,400 workers in the three German plants of MAN.
MAN is preparing for an economic downturn of between two and two and a half years. The company expects a drop of around one-third in commercial-vehicle revenue in the current year and will therefore reduce production costs by almost one-third. Lay-offs have not been planned for now.
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