More pain for German car industry as Daimler axes 10,000 jobs

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 71%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Daimler said the job cuts would be achieved through natural turnover, early retirement schemes and severance packages.

Luxury automaker Daimler said Friday it would scrap at least 10,000 jobs worldwide, the latest in a wave of layoffs to hit the stuttering German car industry as it battles with a costly switch to electric.

The cull includes slashing management jobs"by 10 percent", Daimler said, reportedly amounting to some 1,100 positions around the world. Other major car companies have in recent months already unveiled plans to cut some 30,000 jobs in the sector over the next years.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines