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Volkswagen's MAN to cut 1,400 jobs at diesel-engine unit

MAN's Diesel & Turbo division aims to streamline internal processes, improve its cost structure and tackle development of the company's strategy and portfolio. Photograph: (Reuters)

Reuters Frankfurt, Germany Sep 23, 2016, 04.12 PM (IST)
Volkswagen's MAN division plans to cut 1,400 jobs at its diesel-engine unit with the goal of improving cost savings by more than 450 million Euros ($504.23 million).

Under the new plan called 'Basecamp 3000+', MAN's Diesel & Turbo division aims to streamline internal processes, improve its cost structure and tackle development of the company's strategy and portfolio, it said.

(Reuters)
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