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
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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