BERLIN, July 31 (Reuters) - Germany's MAN SE has ordered a broad-based hiring freeze at its truck and bus division to rein in costs as the commercial-vehicle maker's second-quarter operating profit plunged by half amid slowing world economies. MAN, which also makes diesel engines and industrial turbines, now expects the group's profit margin at "about 6 percent" instead of 8.5 percent as previously projected, the Munich-based company said in a statement on Tuesday. ...
Premium Content (PAID Subscription Required)
"MAN SE orders hiring freeze to counter profit plunge" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642