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Mercedes-Benz Owner Daimler to Cut 10,000 Jobs: Reports

Mercedes-Benz Owner Daimler to Cut 10,000 Jobs: Reports
The Mercedes-Benz star is displayed on the front of a Mercedes-Benz G-model at the annual press conference of German auto giant Daimler AG in Stuttgart, southwestern Germany, on Feb. 1, 2018. Thomas Kienzle/AFP/Getty Images
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:

Daimler said Friday it will cut at least 10,000 jobs worldwide over the next three years amid weakening sales and investment in electric vehicles.

“The automotive industry is in the middle of the biggest transformation in its history,” Daimler said in a statement, reported Reuters.
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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