Traton sees some order cancellations, cannot rule out job cuts: WiWo

FILE PHOTO: Guests stand on the sales space of Volkswagen’s truck unit Traton Group, former Volkswagen Truck & Bus AG, in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer

FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) Traton (8TRA.DE) industrial truck unit has seen cancellations of orders because of the coronavirus outbreak however these are manageable, its chief instructed a German journal in an article printed on Friday.

WirtschaftsWoche additionally quoted Andreas Renschler as saying that he couldn’t rule out important job cuts.

Reporting by Tom Sims; modifying by Thomas Seythal

Our Requirements:The Thomson Reuters Belief Rules.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.