The pandemic left its mark on the German automotive corporation.
The pandemic still lingers in the automotive industry. It took a hit from it, with factories shutting down, and sales moving online.
Daimler is one of the biggest carmakers to take measures in order to keep its business afloat. Over the past days, Daimler's Head of HR announced that the company would make more job cuts. Initially, 15,000 have been on the line. Now, given the current situation with COVID-19, the number will most likely increase. No exact figure was released yet.
The job cuts will be discussed with the union and worker representatives since the company previously agreed to avoid forced redundancies until the end of the decade. However, the plan can change when it comes to severe economic changes.
Daimler has been taken aback by the new wave of infections, but the company is confident that it will get past the problems.
The new cut comes after the one announced in November 2019, Daimler said that it would dismiss at least 10,000 employees in the next three years.
Following the latest news, Daimler shares fell 1.30%.
See what damage the pandemic has done to the automotive industry on CAPEX.com!
Sources: reuters.com, finance.yahoo.com
Los usuarios / lectores no deben confiar únicamente en la información presentada aquí y deben hacer su propia investigación / análisis leyendo también la investigación subyacente real. El contenido adjunto es genérico y no tiene en cuenta las circunstancias personales, la experiencia de inversión o la situación financiera actual.
Por lo tanto, Key Way Investments Ltd no aceptará ninguna responsabilidad por las pérdidas de los comerciantes debido al uso y el contenido de la información presentada en este documento. El rendimiento pasado no es un indicador confiable de resultados futuros.