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“Not ten but fifteen thousand layoffs at Daimler due to spending cuts” | NOW

At Daimler, the parent company of Mercedes-Benz, more jobs are at risk than previously assumed. It is possible that not ten but fifteen thousand jobs will be lost in the coming years, sources within the German company report Monday Handelsblatt.

Daimler will announce the definitive measures on Tuesday according to the business newspaper. The concern did not want to respond to the story.

Last November, Daimler announced to lay off thousands of employees until the end of 2022 in an effort to save 1.4 billion euros on personnel costs. The number is now being increased considerably.

Other measures that are in the pipeline are simplifying the supply and reducing investments in loss-making projects.

The production of the Mercedes-Benz X-Class pick-up truck will end in May. In addition, Mercedes would consider deleting the coupe and convertible versions of the S-Class, writes Handelsblatt. Finally, the future of the B-Class would be uncertain.

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