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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. Ralph Lauren, Burberry among Lyst Index’s top Q4 risers
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  5. David Yurman selects finalists for inaugural $50K design grant
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