Daimler chief outlines plan to cut up to 1,100 jobs

epa07945036 (FILE) - A star of Mercedes Benz at the production of 'A-Class' Mercedes Benz cars at an assembly line at the car manufacturer Daimler in Rastatt, Germany, 04 February 2019 (reissued 24 October 2019). Daimler AG is to release their 3rd quarter results on 24 October 2019. EPA-EFE/RONALD WITTEK EDITORIAL USE ONLY

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The new chief executive of Daimler has outlined plans to cut 10 per cent of managers in Germany and up to 1,100 in total worldwide, according to a letter circulated by leaders of the carmaker’s works council.

An email sent by supervisory board members Michael Brecht and Ergun Lumali to 130,000 Daimler employees on Friday claims that Ola Kallenius gave a “concrete figure” on job cuts earlier this week, for the first time since taking over in May.

Daimler’s management is expected to outline a new strategy, as it struggles to transform its fleet in the face of upcoming EU emissions regulations and deals with legal troubles over alleged contraventions of diesel emissions regulations.

Via The Financial Times

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