Swedish truckmaker Scania, owned by Germany's Traton , is planning major job cuts and estimates it has 5,000 more staff globally than it needs as a result of the coronavirus crisis.
FILE PHOTO - The logo of Swedish truck maker Scania is pictured on a wheel at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer
Traton, in which Volkswagen has a 89.7% stake, said last month its first-quarter operating profit had fallen by two thirds, as the coronavirus pandemic brought large parts of the automotive industry to a near standstill. “Our assessment is that it will take long before market demand reaches pre-crisis levels and we therefore need to adapt the organisation to the new situation,” Henriksson said.
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