Report: Mercedes Ups Job Cuts to 15,000

The cuts are linked to a number factors presented in the 2019 financials.

 

In November, Daimler announced that its' Mercedes luxury brand would eliminate 10,000 jobs by 2022 to save $1.5 billion in costs.

New reports out of Germany this week suggest that the brand will increase the number of job cuts by 5,000. Daimler’s 2019 year-end figures saw a massive profit dip for Mercedes.

The company also took a $1.1 billion charge related to fines from the “dieselgate” emissions-cheating scandal. Mercedes also plans to cut a few of its models as it streamlines.

The last X-class pickup will be manufactured in May of this year. Production will also end on the convertible and coupe versions of the S-Class.


Latest in Operations
More in Operations