German automaker Daimler will cut 1100 executive positions worldwide, or about 10% of management, German daily Sueddeutsche Zeitung reported on Friday, citing a newsletter distributed by the company's works council.
An email sent by Daimler supervisory board members Michael Brecht and Ergun Lümali to the company's 130 employees on Friday claims that new Daimler CEO Ola Källenius gave a "specific figure" earlier this week. to cut jobs for the first time since taking office in May.
“Negotiations have begun, but there are no results yet,” said Brecht, who is also head of the company’s works council. He stressed that the Daimler works council excludes forced layoffs until 2030, adding that early retirement on a voluntary basis is possible, but only with the consent of the parties.
On November 14, Ola Källenius is due to present an updated company strategy, which may also include cost-saving measures. Last month, the company that owns the Mercedes-Benz brand announced that its 2019 pre-tax profits would be “significantly lower” than the 11 billion euros it made last year. “We must significantly reduce our costs and consistently strengthen our cash flow,” Mr. Källenius said at the time.
Source: 3dnews.ru