Man SE (MANG_p.DE)
3 Jul 2015
BERLIN/MUNICH - Germany's MAN SE said it will cut 1,800 jobs at its main trucks division part of the Volkswagen-owned company's efforts to slim down to lower costs and revive profit.
* Reuters reported details of reorganisation on June 17 (Adds comments from VW executive, works council boss, detail and background)
* Still sees stable 2015 revenue, operating profit (Rewrites, adds CEO comment on Brazil, updates shares)
MUNICH - Germany's MAN SE will expand cost cutting at its core truck division to all business areas in a bid to improve profitability, as parent Volkswagen (VW) steps up its efforts to forge a global force in trucks.
* 2014 group profit jump mainly due to non-truck operations (Adds CEO comments, background, shares)