Daimler will cut 1,100 leadership positions worldwide, or about 10% of its management, German daily Sueddeutsche Zeitung said on Friday, citing a newsletter circulated by the company’s works council. “The works council was recently informed by management about the personnel and financial situation of the company,” Brecht told employees. Daimler’s works council rules out compulsory layoffs until 2030, Brecht said, adding that voluntary buyouts should be possible but only in a situation when both parties consent.
