The global vehicle giant is considering mass layoffs

The global vehicle giant is considering mass layoffs


2020-06-22 06:30:00

Global car massive Daimler (Mercedes brand) is considering new mass layoffs of personnel, writes with Automobilwoche, mentioning sources.

Up to 10,000 employees of the concern can be subject to cuts until 2025. The enterprise is considering outsourcing its IT Department, builders, and employees involved in researches.

Before that, in November 2019, the enterprise had already announced plans to cut about 10,000 employees by 2022 to lessen prices through 1.4 billion euros. The decision was due to the concern's choice to optimize the structure, increase efficiency and flexibility in opposition to the background of the growing reputation of electric automobiles.


The marketplace for traditional cars has been under severe pressure in recent years because of the turn of governments around the arena to "green" policies and growing demand for electric powered motors. In addition, in 2020, the car enterprise obtained a serious blow due to the coronavirus pandemic, which triggered a global recession and brought down the call for these cars.


In addition to Daimler, Audi, Opel, BMW, Nissan and Renault announced planned cuts. The last one stated that if the French government do no longer assist their company, it may disappear. Paris has already introduced plans to provide the business enterprise with a loan of 5 billion euros.


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