- German propulsion and machinery giant MAN Energy Solutions has announced a comprehensive program to secure the future viability of the company.
- The program includes extensive cost-cutting and restructuring measures that could see almost 4,000 jobs lost.
MAN Energy Solutions (ES) is to lay off nearly 4,000 staff as the company aims to cut EUR450m in costs and ride out the impact of the COVID-19 pandemic, reports Seatrade Maritime News.
MAN sees the restructuring as a necessary part of the...
https://mfame.guru/machinery-giant-to-axe-4000-jobs-as-part-of-restructuring-measures/