Scania union says merger would only help MAN

STOCKHOLM -- The union representing Scania's factory workers, which has already come out against MAN AG's hostile bid for the Swedish truck maker, said today its analysis has shown a merger would only benefit MAN.

The union also advised Scania workers with shares in the Swedish truck maker not to tender to the MAN offer, which expires on Jan. 31.

"The more we analyse the way MAN has intended a combined truck company to operate, the more we regard their proposal as unrealistic and to the detriment of Scania," the union said in a statement.

"The synergies that have been stated as achievable within three years are unreachable without seriously injuring the production structure which is taking shape in Scania."

The union said it believed Scania would lose jobs and that it saw a "considerable risk" the brand would lose credibility among its customers.

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