Daimler seeks 1 billion euros in savings at Mercedes-Benz by slashing jobs

2018 Mercedes-Benz A-Class

Stricter emissions rules are going to hit Daimler’s profits in 2020 and 2021, prompting the German automaker to seek over 1 billion euros ($1.1 billion) in savings from slashing staff expenses at its Mercedes-Benz business by the end of 2022, it stated on Thursday. Daimler shares dropped 2.3% in early trading at 52.17 euros, the […]

Daimler seeks to cut 10,000 jobs and $6.75 billion in cost

Daimler logo

Daimler’s new boss Ola Källenius won’t officially start until May 22, but is already reportedly looking to decrease the company’s footprint with a reported cutting up to 10,000 jobs, according to Manager Magazin. The magazine states that Källenius is looking to make both Daimler and Mercedes-Benz more streamlined, and also seek a $6.75 billion in […]