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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. CEOs link sustainability initiatives to business value growth: Bain
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  4. Top luxury campaigns of 2025: LVMH, F1
  5. The hidden cost of retail bankruptcy for luxury consumers and brands
  6. Off the Cuff: A Q&A with Virtuoso's Jennifer Campbell
  7. Tiffany’s Blue Box Café enters Mainland China in renovated Shanghai Tiffany store
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  9. The 1916 Company teams up with Australian pro golfer Min Woo Lee
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