Deutz Cutting 1000 Jobs

By Mike Osenga18 August 2020

Deutz AG has announced a reduction of up to 1000 positions in the company’s global headcount. The German engine manufacturer said it would first eliminate 350 jobs via a volunteer program running from September 1, 2020 to March 31, 2021.

The aim of the measures Deutz said is to further strengthen the company’s competitiveness at a global level while protecting the viability of Germany as a company base.

From 2022 onward, the newly announced ‘Transform for Growth’ efficiency program is scheduled to realize annual cost savings of around €100 million, Deutz said. Against the backdrop of the planned measures, Deutz said it will set aside provisions for restructuring costs – predominantly in connection with personnel measures – of €35–40 million in the current quarter.

Delivered directly to your inbox, Diesel News Network newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Mike Brezonick VP, Power Division Tel: +1 262 754 4112 E-mail:
Alister Williams VP Sales Tel: +1 843 637 4127 E-mail:
Latest News
Kubota extends engine warranty for select markets
New warranties for specific machines and equipment starts in 2022
US announces tariff ruling on Chinese MEWP imports
Chinese MEWP OEMs could face significant import duties if ruling is upheld in November
First Cummins-powered Hino truck delivered
Penske Truck Leasing getting first L Series truck with B6.7 diesel