Man SE to introduce short-time work starting Jan. 14 due to declining sales; around 3,500 employees will be affected in Munich as well as 1,800 employees in Salzgitter, Germany
December 4, 2012
(Industry Intelligence Inc.)
– Beginning in 2013, Man SE will introduce short-time work due to declining sales, Dow Jones Newswires reported Dec. 4.
Around 3,500 employees will be affected in Munich as well as 1,800 employees in Salzgitter, Germany.
Short-time work is a government initiative in which the government subsidizes employees' wages for reduced working hours. Man SE is scheduled to begin the program on Jan. 14.
The primary source of this article is Dow Jones Newswires, New York, New York, on Dec. 4, 2012.