Daimler could cut an additional 10,000 jobs

Worldwide
Published:  14 July, 2020

The German car manufacturer could cut an additional 10,000 jobs through 2025, it is claimed.

As previously reported by ILM, the owner of Mercedes-Benz announced in November 2019 that it plans to cut thousands of jobs worldwide as it invests heavily in electric cars, reducing its workforce by 10,000 through 2022 to cut personnel spending by €1.4 billion. A new cost savings programme could look to cut an additional 10,000 jobs through 2025, according to Germany’s Automobilwoche magazine. However, Joerg Howe, Head of Global Communications, told Bloomberg media that they have “only communicated one number, and that’s the €1.4 billion in savings we’re targeting. Anything else is speculation on behalf of Automobilwoche”. At the end of 2019, the manufacturer employed around 299,000 people worldwide.

Automobilwoche also reported that Volkswagen AG will move part of its commercial vehicles output to Poland and cut about 5,000 staff at its main production site in Germany.

Source: Bloomberg