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Daimler canceled 1100 managerial positions. Thus, in Germany, one in ten employees will lose their jobs



German car manufacturer Daimler wants to cancel 1100 managerial positions worldwide. The Mercedes vehicle manufacturer stated this in a letter to an employee at DPA disposal. Instead, Süddeutsche Zeitung and Handelsblatt informed about the company's plans.

The company itself would not comment on the report. In Germany, approximately every tenth job must be closed, according to a letter from Michael Brecht, head of the company's board. The automaker is undergoing austerity measures which were decided earlier in the year by its former boss Dieter Zetsche.

Daimler failed especially in the first half of the year. Like other manufacturers, he was faced with a decline in the automotive market, manufacturing problems, high call costs and questions about the future of diesel. They have to spend a lot of money to invest in electromobility and autonomous management.

In the third quarter, Daimler increased its operating profit by 8 percent YoY to EUR 2.69 billion. This was mainly due to higher sales of Mercedes-Benz vehicles.


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