MAN budget cuts hit the maritime division

MAN Diesel and Turbo plans to lay off upwards of 1,400 workers as part of an effort to increase the German engine manufacturer's bottom line by EUR 450 million. 140 of the layoffs will come from the marine division.

Photo: PR

Updated at 3:30 pm CET with specific numbers for the marine division

A new plan, named Basecamp 3000+, aimed at ensuring the longevity of German engine manufacturer MAN Diesel & Turbo will cost up to 1,400 jobs, writes MAN in a press release.

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