--Daimler Chief Executive Ola Kallenius told managers that he plans to cut 10% of management positions in Germany, Handelsblatt reports, citing an internal message to German employees from the car maker's works council.

--"Globally, that would be about 1,100 jobs," the labor representatives said, according to the German daily.

 

Full story in German: https://bit.ly/32qpPxy

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

November 08, 2019 09:02 ET (14:02 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Mercedes Benz (PK) (USOTC:DMLRY)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Mercedes Benz (PK) Charts.
Mercedes Benz (PK) (USOTC:DMLRY)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Mercedes Benz (PK) Charts.