MUNICH, Jan 19 (Reuters) – German industrial conglomerate MAN AG <MANG.DE> will stop production of trucks at its German plants for 42 days during the first half of the year due to the economic downturn, it said on Monday.
Employee representatives and local authorities had agreed to shorter worker hours at the plants in Munich, Nuremberg and Salzgitter, a MAN spokesman told Reuters.
Around 9,400 employees will be affected by the measures. The spokesman said he could not rule out further short working hours in the second half of the year.
MAN had said in December output at its core trucks business could drop 30 percent in 2009 and it would halt truck production for 40 to 50 days. Shares in MAN reversed gains to trade down 0.4 percent at 33.37 euros by 1447 GMT. Shares had risen as high as 35.25 euros, following a mandatory bid from Porsche
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