MAN moves to slash 4,000 jobs in big cost-cutting plan

MAN Energy Solutions is now taking the consequences of the Covid-19 pandemic and launches an extensive cost-reduction program. Several countries will be affected.

Photo: PR / Man Energy Solutions

MAN Energy Solutions is getting ready to scrap 3,000 jobs in Germany and 950 positions in other countries.

This move is related to a far-reaching cost-cutting exercise trigged by the Covid-19 pandemic, which is forecast to result in a longer period with "stagnating revenue", the company informs in a statement.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs