MAN to invest nearly €1bn in German sites by 2030

MAN Truck & Bus has reached an agreement with its works council and IG Metall on its MAN 2030+ restructuring programme, which includes nearly €1bn in investment at German sites by the end of 2030 and job security for employees until at least 2035, with a possible extension to 2040 depending on company performance. The programme targets cost savings of around €900m by 2028 through reductions in material and overhead costs, with workforce adjustments of 2,300 jobs over ten years to be managed through natural attrition rather than redundancies.

All German production sites will be retained, with the majority of investment directed to Bavarian locations. The agreement also covers TRATON R&D Germany GmbH. Additional investments for the next-generation Traton Modular System and a potential battery factory are planned for Eastern Europe.

In a statement, Alexander Vlaskamp, Chief Executive at MAN and Traton Executive Board member, said: “Following intensive negotiations, we have now reached agreement with our employee representatives on the implementation of key cornerstones of the MAN 2030+ programme. The plan secures MAN’s competitiveness and guarantees our customers a broad product portfolio as a full liner, which forms the basis for the company’s future success.”

Source: MAN Truck & Bus