STOCKHOLM (Reuters) – Swedish truckmaker Scania, owned by Germany’s Traton , plans major job cuts in the wake of the coronavirus, anticipating it currently has 5,000 more staff globally than needed, it said in a statement on Monday.
“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 already this year,” Scania CEO Henrik Henriksson said in a statement.
“These will be company-wide measures and formal notices of redundancies are not excluded.”
Scania employs around 51,000 people globally.
(Reporting by Johannes Hellstrom; editing by Niklas Pollard)
