Daimler reportedly laying off 15,000 workers as cost cuts intensify

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Earnings/Financials,Hirings/Firings/Layoffs,Mercedes-Benz

German luxury carmaker Daimler is intensifying existing cost-cutting measures and plans to cut up to 15,000 jobs, Handelsblatt newspaper reported, citing company sources. The group in had said in November that it would cut at least 10,000 jobs and reduce staff costs by around 1.4 billion euros (1.16 billion pounds) by the end of 2022, a number Handelsblatt said would be significantly exceeded. The group plans to announce the expanded savings at its annual news conference on Tuesday,