Due to falling heavy truck demand in the European region, MAN plans to reduce the working hours of 4,000 workers at its Austria and Germany plants, Bloomberg reported.
Starting October, the company will bring down the production levels at these plants, as it expects deliveries in the European region to fall by 15% in 2014.
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MAN’s commercial-vehicle unit head Anders Nielsen said, “We’re fighting for our business and are keeping market share in Europe”.
MAN’s announcement underlines concerns over the strength of economic recovery in the eurozone area.
The company expects the reduced shift pattern to continue for six months and then there will be a review.
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