--German car maker Daimler AG is planning to cut up to 15,000 jobs and ramp up cost savings, reports German newspaper Handelsblatt, citing company sources.

--The company said in November that it is planning to cut at least 10,000 jobs and reduce staff costs by around EUR1.4 billion. The savings are now likely to exceed the previously announced figure, reports Handelsblatt.

--A spokesperson for Daimler wasn't immediately available for comment.

Full story (in German): https://bit.ly/2uBTV6j

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(END) Dow Jones Newswires

February 10, 2020 05:12 ET (10:12 GMT)

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