Economy

elleng

(130,761 posts)

10. Mercedes-Benz owner Daimler to cut 10,000 jobs worldwide.

Fri Nov 29, 2019, 08:33 PM

Nov 2019

'Daimler personnel chief Wilfried Porth told journalists the number of jobs lost would be "in the five figures".

The move comes days after rival Audi said it would cut 9,500 of its 61,000 jobs in Germany for similar reasons.

Daimler said the car industry was going through "the biggest transformation in its history".

"The development towards CO2-neutral mobility requires large investments, which is why Daimler announced in the middle of November that it would launch a programme to increase competitiveness, innovation and investment strength," the firm said.

"Part of this programme is to reduce staff costs by around €1.4bn by the end of 2022 and, among other things, to reduce the number of management positions worldwide by 10%."'>>>

https://www.bbc.com/news/business-50598673

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The Next American Car Recession Has Already Started [View all] CentralMass Nov 2019 OP

Too many cars are overpriced. PoindexterOglethorpe Nov 2019 #1

I agree completely. CentralMass Nov 2019 #2

"Unemployment is at a half-century low, gasoline is cheap" PSPS Nov 2019 #3

Sedans are not more expensive than SUV. MichMan Nov 2019 #8

JUST HEARD, Daimler's planning #### layoffs. elleng Nov 2019 #4

:-( CentralMass Nov 2019 #5

Daimler has one plant in Alabama. MichMan Nov 2019 #9

Mercedes-Benz owner Daimler to cut 10,000 jobs worldwide. elleng Nov 2019 #10

A nation of sales clerks and part timers can not afford overpriced gas guzzlers Farmer-Rick Nov 2019 #6

The headline is deceiving and not only that it is nearly as year old MichMan Nov 2019 #7