Mercedes Benz owner Daimler will cut thousands of jobs in an effort to streamline the automotive company, and it’s the second German automaker to unveil such a move this week.
Volkswagen AG subsidiary Audi said earlier it plans to cut 9,500 of its 61,000 jobs in Germany between now and 2025 to make more money available for electric vehicles and digital working.
Daimler, which has a global workforce of at least 300,000 people, said it will cut jobs by at least 10 percent – or 10,000 jobs – worldwide by 2022.
“With the key points we now agreed with the works council to streamline the company, we can achieve these goal[s] by the end of 2022. We will make the measures as socially responsible as possible,” Daimler AG Member of the Board of Management Wilfried Porth said in a statement, according to a release.
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