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MAN Energy Solutions' owner demands profit to call off plans to sell

MAN Energy Solutions has received a guarantee from Volkswagen that the parent company's sales plans will be put on hold as part of the comprehensive rescue plan. At the same time, the number of redundancies has been lowered through wage concessions.

Photo: PR MAN ES

Germany's Volkswagen will put its plans to sell MAN Energy Solutions on hold until at least the end of 2026, the major manufacturer of marine engines says in connection with the comprehensive restructuring that management and employees have just agreed on.

Volkswagen backs the agreement, but only on the condition that "the necessary prerequisites for implementation will be successfully finalized by the end of 2020".

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