Daimler to cut 10,000 jobs worldwide

epa06955532 (FILE) - The Mercedes logo on a display car at the City Cube venue, during the Annual Shareholders' Meeting in Berlin, Germany, 05 April 2018 (reissued 18 August 2018). According to media reports, German authorities have told German carmaker Daimler, who owns the Mercedes-Benz brand, to recall at least 700,000 vehicles across Europe over unauthorized emission test defeat devices. EPA-EFE/OMER MESSINGER

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Daimler, the German carmaker that owns Mercedes-Benz, has said it will shed at least 10,000 jobs worldwide as it seeks to fund the switch to electric cars.

Daimler personnel chief Wilfried Porth told journalists the number of jobs lost would be “in the five figures”.

The move comes days after rival Audi said it would cut 9,500 of its 61,000 jobs in Germany for similar reasons.

Daimler said the car industry was going through “the biggest transformation in its history”.

Via BBC

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