Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next ...
FRANKFURT - Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with weakening sales.
“The automotive industry is in the middle of the biggest transformation in its history,” Daimler said in a statement. Staff reductions would be in the low five-digits, or at least 10,000 people, according to Wilfried Porth, a board member in charge of human resources. The company employed 304,680 staff at the end of the third quarter.
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