Daimler to cut at least 10,000 jobs over three years

Time 3:44 pm, November 29, 2019

DAIMLER is to cut at least 10,000 jobs worldwide by the end of 2022.

The German carmaker, which owns Mercedes-Benz, said today that some vacant posts wouldn’t be filled and that it would offer severance packages in Germany to reduce administrative jobs.

It is understood to be making the cuts to help pay for the move to electric vehicles.

The company had said on November 14 that it planned to slash costs by 1.4bn euros (circa £1.19bn) by cutting every tenth managerial position and through other measures but did not give details.

A statement today said Daimler had agreed with its employee council on principles to slim down the company structure and the two sides will work further on implementation details over the coming weeks.

It said it aimed to cut ‘thousands’ of jobs worldwide over three years but did not offer a precise figure, although journalists were told by personnel head Wilfried Porth that it would reach ‘the five figures’.

The news comes two days after Audi announced that it would be axeing 9,500 jobs globally to free up €6bn (circa £5.14bn) in investment for the company’s electric vehicle development.

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