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11-14-2019, 11:14 AM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Green (https://www.autoblog.com/category/green-auto-news/),Hirings/Firings/Layoffs (https://www.autoblog.com/category/hirings-firings-layoffs/),Mercedes-Benz (https://www.autoblog.com/mercedes-benz),Emissions (https://www.autoblog.com/category/emissions/)
https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2019-11/a448bdd0-06fb-11ea-9fbf-01ed817aafa1 Tougher emissions rules will hit Daimler's profits in 2020 and 2021, prompting the German carmaker to seek more than 1 billion euros ($1.1 billion) in savings from cutting staff costs at its Mercedes-Benz business by the end of 2022, it said on Thursday. Daimler shares were down 2.3% in early trading at 52.17 euros, the biggest decline on Germany's DAX blue-chip index, which was down 0.3%. Management positions will be cut by around 10%, and company said it would also seek more than 300 millionContinue reading Mercedes-Benz plans job cuts to save over a billion dollars by 2022 (https://www.autoblog.com/2019/11/14/mercedes-benz-job-cuts-save-billion-dollars/)
Mercedes-Benz plans job cuts to save over a billion dollars by 2022 (https://www.autoblog.com/2019/11/14/mercedes-benz-job-cuts-save-billion-dollars/) originally appeared on Autoblog (https://www.autoblog.com) on Thu, 14 Nov 2019 11:30:00 EST. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
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https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2019-11/a448bdd0-06fb-11ea-9fbf-01ed817aafa1 Tougher emissions rules will hit Daimler's profits in 2020 and 2021, prompting the German carmaker to seek more than 1 billion euros ($1.1 billion) in savings from cutting staff costs at its Mercedes-Benz business by the end of 2022, it said on Thursday. Daimler shares were down 2.3% in early trading at 52.17 euros, the biggest decline on Germany's DAX blue-chip index, which was down 0.3%. Management positions will be cut by around 10%, and company said it would also seek more than 300 millionContinue reading Mercedes-Benz plans job cuts to save over a billion dollars by 2022 (https://www.autoblog.com/2019/11/14/mercedes-benz-job-cuts-save-billion-dollars/)
Mercedes-Benz plans job cuts to save over a billion dollars by 2022 (https://www.autoblog.com/2019/11/14/mercedes-benz-job-cuts-save-billion-dollars/) originally appeared on Autoblog (https://www.autoblog.com) on Thu, 14 Nov 2019 11:30:00 EST. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
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