1,100 managers lose their jobs after a global austerity program

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As part of its announced savings program, the car maker Daimler plans to reduce 1,100 executive positions worldwide, according to the works council.

In Germany, about one in ten leading positions would be the job cuts of the car manufacturer Daimler DAIMLER AG NA O.N. share affected. This communicated chief of staff Michael Brecht on Friday in an info letter to the employees. Earlier, "Suddeutsche Zeitung" and "Handelsblatt" reported on it.

Consequences of the savings plans

According to the works council, CEO Ola Kallenius mentioned concrete figures for his savings plans at an internal management event earlier this week. In order to reduce the personnel costs, the management also proposed not to take over possible tariff increases from the collective bargaining round to be launched in the spring of 2020. "We rejected this categorically," writes Brecht.

A Daimler spokesman said that one does not comment on speculation. There is a constructive dialogue with the employee representatives.



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https://www.t-online.de/finanzen/boerse/news/id_86773744/daimler-1-100-manager-verlieren-nach-weltweitem-sparprogramm-ihren-job.html

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