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.
Former UAW chief resigns membership
Former United Auto Workers president Gary Jones has resigned his union membership.
The union announced Friday that the 62-year-old Jones had left the UAW, after stepping down as its chief earlier in November.
A widening federal bribery and embezzlement probe of the UAW has resulted in more than a dozen people being charged. Jones has not been charged, but federal agents searched his suburban Detroit home in August in connection with the investigation.
The UAW's International Executive Board had filed paperwork to expel him over allegations raised by the federal investigation. UAW spokesman Brian Rothenberg confirmed to The Detroit News that Jones' dropping his UAW membership allows him to avoid a trial before UAW members next week.