Mercedes-Benz owner Daimler to cut 10,000 jobs worldwide – BBC News


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Reuters

Daimler, the German carmaker that owns Mercedes-Benz, has mentioned it will shed at minimum ten,000 work globally as it seeks to fund the swap to electric autos.

Daimler staff main Wilfried Porth advised journalists the number of work opportunities shed would be “in the 5 figures”.

The go arrives days right after rival Audi stated it would lower nine,500 of its 61,000 positions in Germany for related explanations.

Daimler mentioned the car or truck industry was likely through “the most important transformation in its record”.

“The enhancement towards CO2-neutral mobility calls for significant investments, which is why Daimler declared in the middle of November that it would launch a programme to enhance competitiveness, innovation and expenditure energy,” the business stated.

“Component of this programme is to decrease staff members charges by around €1.4bn by the conclusion of 2022 and, among the other issues, to cut down the selection of administration positions around the globe by ten%.”

Electric powered cars and trucks

Daimler, which has a world wide workforce of practically three hundred,000 and factories in seventeen international locations, reported it would reduce costs and work “in a socially accountable fashion”, including the use of “normal fluctuation”.

“In addition, the prospects for element-time retirement will be expanded and a severance programme will be offered in Germany in get to lower positions in the administration,” it extra.

Daimler stated its programs had been agreed with the firm’s will work council, which includes union representation.

German carmakers have been sluggish to adapt to new technological developments, including self-driving cars and trucks and electric powered motor vehicles.

At the similar time, they have been suffering falling demand in China, even though the trade war involving Washington and Bejing has also dented advancement.