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Automotive

Daimler, in nod to sustainable measures, to cut $1.1B in personnel costs from Mercedes

November 14, 2019

Ola Källenius, chairman of the board of management of Daimler AG and Mercedes-Benz AG, at the company's Capital Market Day 2019 in London Nov. 14. Image courtesy of Daimler Ola Källenius, chairman of the board of management of Daimler AG and Mercedes-Benz AG, at the company's Capital Market Day 2019 in London Nov. 14. Image courtesy of Daimler

 

By Staff reports

German automaker Daimler will cut jobs in management and non-management positions at its Mercedes-Benz cars division to save more than $1.1 billion in personnel costs as part of its new sustainable business strategy.

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  1. Gucci uplifts GG Monogram in throwback campaign
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  5. Maison Margiela takes stab at sustainable status in new content for ‘Replica’ refill debut
  6. Fendi names soccer star Karim Benzema as sneaker ambassador
  7. Dior creates ceremonial window displays from scratch, with scraps, for upcycled exhibition
  8. Patek Philippe, Rolex top annual list of highest-grossing watches at auction
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