MAN SE Cuts Hours for 4,000 Workers on Europe Truck Market

MAN SE is scaling back truck production by cutting hours for as many 4,000 workers as European commercial-vehicle producers grapple with slumping demand in key markets.

The third-biggest truckmaker in Europe will reduce manufacturing at plants in Germany and Austria starting next month as industrywide deliveries in the region may drop as much as 15 percent in 2014, Anders Nielsen, head of MAN’s commercial-vehicle unit, said at a press conference in Hanover, Germany. MAN also faces a “difficult” environment in Brazil, he said.