Daimler To Lay Off Thousands Of Workers Over 2 Years

Daimler, a major automaker, plans to cut at least 10,000 jobs globally to redirect funds towards electric vehicle development. The company, which employs over 300,000 people, aims to save €1.4 billion by offering part-time retirement and severance packages. This move is part of a broader industry transformation towards CO2-neutral mobility, requiring significant investment. The German car industry faces challenges like declining profits, trade wars, slow tech adaptation, and reduced demand in China.

Why is Daimler planning to cut 10,000 jobs worldwide?

• To expand into new markets

• To increase production of traditional cars

• To invest in electric vehicles

• To reduce operational costs

What measures is Daimler considering to save €1.4 billion?

• Expanding into the Asian market

• Increasing car prices

• Reducing the number of factories

• Offering part-time retirement and severance programs

What is one of the major challenges facing the automotive industry according to the transcript?

• Increasing fuel prices

• Lack of skilled labor

• Trade wars

• Overproduction of vehicles

What is Daimler's strategy to address the industry's transformation?

• Reducing vehicle prices

• Launching a program to increase competitiveness

• Focusing solely on luxury vehicles

• Expanding dealership networks

Which market's decreasing demand is affecting the German car industry?

• North American

• European

• Chinese

• Australian