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Engine manufacturer cuts hundreds of jobs in Germany

The auto industry is suffering heavily from the corona pandemic. The traditional engine manufacturer Deutz feels that too. The company wants to cut many jobs in Germany. Around 1,000 jobs are to be cut worldwide by 2022.

The engine manufacturer Deutz, hard hit by the Corona crisis, has reached an agreement with the works council for its planned savings program. A key issues paper that has been adopted provides for the socially acceptable reduction of up to 350 employees as part of a volunteer program for the German locations, said Deutz.

The program will be accompanied by a transfer company and a social plan. For this, the company, which has its origins in 1864, will set aside 35 to 40 million euros in the current quarter.

Overall, the engine manufacturer is planning to cut up to 1,000 jobs worldwide in a socially responsible manner by 2022. In the first half of the year, around 380 employees have already left the company due to natural fluctuation and the expiry of temporary employment contracts.

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