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October 09, 2015 1:30 AM ET


Company Overview of MAN Truck & Bus AG

Company Overview

MAN Truck & Bus AG manufactures and sells trucks, heavy special-purpose vehicles, city buses and coaches, intercity buses and coaches, and diesel and natural-gas engines. It offers interurban coaches and city buses; trucks and buses that are used in areas, such as commercial vehicles from other manufacturers, for power generation in cogeneration plants, and as drive units in agricultural machinery, rail vehicles, ships and boats, and special-purpose vehicles. The company also provides chassis and tipper trucks for the construction industry; semitrailer tractors for long-haul transport; and products for heavy-duty and building site traffic, short-haul, and distribution transport. In addition,...

Dachauer Straße 667

Munich,  80995


Founded in 1915


49 89 15 80 0


49 89 150 39 72

Key Executives for MAN Truck & Bus AG

Chief Executive Officer
Age: 51
Chief Procurement Officer and Member of Management Board
Age: 54
Executive Board Member for Finance, It & Legal Affairs
Age: 48
Head of Media Relations and Issue Management
Chief Technology Officer and Member of Management Board
Compensation as of Fiscal Year 2015.

MAN Truck & Bus AG Key Developments

MAN Truck & Bus AG Announces Management Changes

Josef Schelchshorn will be the new Chief Human Resources Officer at MAN Truck & Bus AG. In his former position, the 54-year-old business economist and member of the executive board at SEAT S.A. was responsible for human resources, too. Previously, Mr. Schelchshorn held various management positions in human resources with Audi AG. On July 1, 2015, he will be succeeding Jochen Schumm, who is retiring after 51 years.

MAN Truck & Bus Plans to Cut 1,800 Jobs to Lower Costs

MAN Truck & Bus has announced that it will cut 1,800 posts at its operations throughout Europe by the end of 2017. By the end of 2017 the programme would have been implemented and will have compensated for the one-off expenditure that the was required in 2015 to maintain competiveness. The rationalization will take place across all of MAN's European truck production sites in Munich (Germany), Steyr (Austria), and Krakow and Salzgitter (Poland). One of the main aspects of the job cuts and the efficiency drive going on around the plants will be avoiding duplication of production and managerial tasks across different production sites. As a result, out of the 1,800 jobs, 1,400 management positions cut and 400 production line posts eliminated.

Tallinn buying 44 New MAN, Volvo buses for EUR 12 Million

The City of Tallinn public transport company TLT is about to buy 44 brand new buses from MAN and Volvo for altogether EUR 12 million. The suppliers of the buses were selected in two separate tenders, one of which was for the supply of 20 brand new diesel powered city buses, won by MAN Truck & Bus AG, and the other for the supply of 24 diesel electric hybrid city buses, won by Volvo Bus Corporation. The 44 buses will cost altogether EUR 12 million and their purchase will be financed with a loan or by means of financial lease.

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