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<div class="bbWrapper"><a href="https://www.bbc.co.uk/news/business-50598673" target="_blank" class="link link--external" rel="nofollow ugc noopener"><span style="font-size: 15px"><b>Mercedes-Benz owner Daimler to cut 10,000 jobs worldwide</b></span></a><br />
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Daimler, the German carmaker that owns Mercedes-Benz, has said it will shed at least 10,000 jobs worldwide as it seeks to fund the switch to electric cars.<br />
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Daimler personnel chief Wilfried Porth told journalists the number of jobs lost would be "in the five figures".<br />
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The move comes days after rival Audi said it would cut <a href="https://www.bbc.co.uk/news/business-50563254" target="_blank" class="link link--external" rel="nofollow ugc noopener">9,500 of its 61,000 jobs in Germany</a> for similar reasons.<br />
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Daimler said the car industry was going through "the biggest transformation in its history".<br />
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"The development towards CO2-neutral mobility requires large investments, which is why Daimler announced in the middle of November that it would launch a programme to increase competitiveness, innovation and investment strength," the firm said.<br />
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"Part of this programme is to reduce staff costs by around €1.4bn by the end of 2022 and, among other things, to reduce the number of management positions worldwide by 10%."<br />
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