Affected by the economic crisis, the largest truck manufacturer in Europe, MAN, stopped production for one week on October 29 for two German sites, in Munich and Salzgitter. This measure should affect around 15,000 employees. The management and works council are bargaining to suspend production again for three weeks at the end of the year. In doing so, the German company is hoping to adjust production while avoiding layoffs. (Ref. 120640)
Dropping profits. Ford, Opel, Daimler…, large automakers aren’t the only ones to feel the impact of the economic slowdown. Truck makers are also getting hit by the crisis, like Volvo, Scania, and now MAN. At a phone press conference on October 30, the management of MAN, a Volkswagen subsidiary, announced a 42 percent drop in profit in the 3rd 2012 quarter. Indeed, truck makers are quite sensitive to the economic slowdown: when sales drop, the amount of merchandise transported decreases and
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