A
machine tool (1), in particular for
machining bush-like or sleeve-like workpieces (2), comprising a
machine frame (3), a workpiece
carriage (4) movable in an x-direction, a workpiece clamping device (6) arranged on the workpiece
carriage (4) so ​​as to be movable in a z-direction and rotatably driven about a
rotational axis (32) running in the z-direction, a stationary second workpiece clamping device (10) arranged on the
machine frame (3) and rotatably driven about a
rotational axis (33) running in the z-direction, a stationary first
tool holder (7) arranged on the machine frame (3) for internally
machining a workpiece (2) clamped in the first workpiece clamping device (6), a stationary second
tool holder (9) arranged on the machine frame (3) for externally
machining a workpiece (2) clamped in the first workpiece clamping device (6) arranged workpiece (2), a tool slide (12) movable in the x-direction,which comprises a third
tool holder (13) movable in the x-direction for externally machining a workpiece (2) clamped in the second workpiece clamping device (10), characterized in that the third tool holder (13) has exactly one degree of
rotational freedom and a tool axis (36) running in the x-direction can be driven in rotation and / or that the first tool holder (7) has at most one degree of
rotational freedom and can be driven in rotation about at most a tool axis (35) running in the z-direction, wherein a
rotational axis (32) of the first workpiece clamping device (6) and a rotational axis (33) of the second workpiece clamping device (10) lie on a straight line running in the z-direction at a transfer position (31).