Home Current News More pain for German car industry as Daimler axes 10,000 jobs

More pain for German car industry as Daimler axes 10,000 jobs

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More pain for German car industry as Daimler axes 10,000 jobsLuxury automaker Daimler said Friday it would scrap at least 10,000 jobs worldwide, the latest in a wave of layoffs to hit the stuttering German car industry as it battles with a costly switch to electric. “The total number worldwide will be in the five-digits,” Daimler personnel chief Wilfried Porth said in a conference call about the job cull. The cull includes slashing management jobs “by 10 percent”, Daimler said, reportedly amounting to some 1,100 positions around the world.

Source: yahoo.com/news