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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. Alibaba, Kenzo, Starboard and Sephora
  2. Alibaba cites strides in IP protection efforts with brand, tech help
  3. Companies should play integral role in shaping sustainable future
  4. Tiffany, in nod to sustainability, throws weight behind new Bloomberg Green media brand
  5. Will protests cause more luxury brands to follow Louis Vuitton and reduce exposure to Hong Kong?
  6. La Perla nabs Oscar de la Renta exec Morgan Richardson to grow lingerie business
  7. Balenciaga, Swarovski, Jean-Claude Biver and short-term Super Bowl rentals - News briefs
  8. How Small Luxury Hotels of the World members are responding to traveler trends
  9. Gucci plays with pop-culture rodent for Chinese New Year
  10. Nordstrom co-president: Engagement beyond transactions creates more valuable customers
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