DGAP-Ad-hoc: MAN SE / Key word(s): Restructure of Company 
MAN SE: Executive Board members of MAN SE and MAN Truck & Bus SE and employee representatives sign key points of 
comprehensive realignment 
26-Jan-2021 / 13:51 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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Munich, January 26, 2021 - The Executive Board members of MAN SE and MAN Truck & Bus SE and the employee 
representatives have signed an agreement on the key points of a comprehensive realignment of MAN Truck & Bus SE. This 
agreement serves as the basis for drafting collective bargaining and works agreements, which are to be concluded this 
year. 
The concept presented by the Executive Boards of MAN SE and MAN Truck & Bus SE on September 11, 2020, formed the 
starting point of the negotiations. 
The agreement that has been reached sets out a restructuring of all areas of the MAN Truck & Bus business. The 
agreement on the key points supports a package of measures with the aim of improving operating result by up to EUR1.7 
billion. The Executive Board sees the agreement as a positive since it makes a substantial contribution to achieving a 
significant and sustained improvement in operating result. The Executive Board confirms the overarching strategic goal 
of achieving an operating return on sales (RoS) of 8% over the cycle. 
Among other things, the key point paper agreed also sets out a repositioning of the development and production network 
with a strong focus on future technologies. The Wittlich site will be downsized but maintained. The Plauen site as well 
as the Steyr site in Austria, which has around 2,200 employees, are being discussed. The Executive Board is reviewing 
all options in this respect, including the possibility of selling or relinquishing the sites. 
The measures planned also entail cutting around 3,500 jobs across all areas of the company in Germany by the end of 
2022. The job cuts are to be implemented in the most socially responsible manner possible. 
In total, the restructuring measures, including the measures in connection with the Plauen and the Steyr site, which 
are still to be defined, are currently expected to cost in the high triple-digit millions for the entire restructuring 
period. The majority of the expenses will be for personnel measures. 
Contact: 
Dr. Martin Gstaltmeyr 
General Counsel 
T +49 175 579 2043 
martin.gstaltmeyr@man.eu 
MAN SE 
Dachauer Str. 641 
80995 Munich, Germany 
www.corporate.man.eu 
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26-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      MAN SE 
              Dachauer Str. 641 
              80995 München 
              Germany 
Phone:        +49 (0)89 360 98-0 
Fax:          +49 (0)89 360 98-572 
E-mail:       investor.relations@man.eu 
Internet:     www.corporate.man.eu 
ISIN:         DE0005937007, DE0005937031 
WKN:          593700, 593703 
Listed:       Regulated Market in Berlin, Dusseldorf, Frankfurt (General Standard), Hamburg, Hanover, Munich, 
              Stuttgart; Regulated Unofficial Market in Tradegate Exchange 
EQS News ID:  1163373 
 
End of Announcement  DGAP News Service 
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1163373 26-Jan-2021 CET/CEST

(END) Dow Jones Newswires

January 26, 2021 07:53 ET (12:53 GMT)