Mercedes-Benz parent Daimler reportedly planning 15,000 layoffs

Mercedes-Benz parent Daimler reportedly planning 15,000 layoffs

Daimler AG is reportedly considering up to 15,000 layoffs, as reported by German newspaper Handelsblatt.

The German automaker, which owns brands like Mercedes-Benz, Maybach, and Smart, had previously announced it would eliminate at least 10,000 jobs by 2022.

A Daimler spokesperson said the company is “aiming to cut a low five-digit figure of jobs worldwide by the end of 2022” as it looks to reduce roughly $1.5 billion in personnel costs.

The industry is facing tough times, with automakers announcing 80,000 planned jobs cuts in 2019.

Business Insider

https://www.businessinsider.com/mercedes-benz-parent-daimler-reportedly-planning-15000-layoffs-2020-2?utm_source=feedly&utm_medium=referral

Daimler verschärft seinen Sparkurs

https://app.handelsblatt.com/unternehmen/industrie/autokonzern-daimler-verschaerft-seinen-sparkurs-bis-zu-15-000-mitarbeiter-sollen-gehen/25522776.html?ticket=ST-1848680-dGTqHmgINqlqEeobTLbb-ap3

Daimler cost cuts to hit Germany hardest – Stuttgarter Zeitung – Business Insider

https://www.businessinsider.com/daimler-cost-cuts-to-hit-germany-hardest-stuttgarter-zeitung-2019-12