Mercedes culls more than 10,000 jobs
Daimer has confirmed at least 10,000 jobs worldwide will be cut by the end of 2022.
Some vacant positions will not be filled while severance packages will be offered in Germany to reduce administrative jobs. Daimler added that it wants to slash costs by 1.4 billion euros ($1.54 billion) by cutting every tenth managerial position as well as other measures.
It said in a statement that, as well as cutting jobs, there will be offers to some employees to reduce weekly working time.
CEO Ola Kallenius said earlier in November that the cost cuts are coming as a result of stricter emissions regulations in Europe and the transition to electric vehicles. The trade war between China and the US is also hurting Daimler, with new duties being placed on US-built vehicles exported to China.