Daimler to Cut Up to 15,000 Jobs -Handelsblatt
February 10 2020 - 5:27AM
Dow Jones News
--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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