Daimler To Lay Off Thousands Of Workers Over 2 Years

Daimler, a major automaker, plans to cut at least 10,000 jobs globally to redirect funds towards electric vehicle development. The company, which employs over 300,000 people, aims to save €1.4 billion by offering part-time retirement and severance packages. This move is part of a broader industry transformation towards CO2-neutral mobility, requiring significant investment. The German car industry faces challenges like declining profits, trade wars, slow tech adaptation, and reduced demand in China.

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