Daimler, the German carmaker that owns Mercedes-Benz, has said it will shed at least 10,000 jobs worldwide as the company seeks to fund the transition to electric cars.
Daimler personnel chief Wilfried Porth told journalists the number of jobs lost would be “in the five figures” – just days after rival automaker Audi said it would cut 9,500 of its 61,000 jobs in Germany for similar reasons.
Daimler said the car industry was going through “the biggest transformation in its history.”
Daimler, which has a global workforce of nearly 300,000 and factories in 17 countries, said it would reduce costs and employment “in a socially responsible manner”, including the use of “natural fluctuation.”
According to Daimler, the plans had been agreed with the firm’s works council, which includes union representation.