Volkswagen's MAN To Cut 1,400 Jobs At Diesel-Engine Unit: Report

Frankfurt: Germany's MAN SE plans to cut 1,400 jobs at its diesel-engine operations, aiming to increase savings by more than 450 million euros ($500 million). The restructuring plan includes streamlining internal processes, cutting costs in development, distribution and other areas and promoting strategy and portfolio development, it said on Friday. Orders for new turbo engines may stay at current low levels for years to come, Chie...