Traton's Scania says planning major staff cuts as downturn weighs

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“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.