The truck manufacturer Daimler Truck has specified its savings plans for Europe. The program called “Cost Down Europe” has a volume of around one billion euros, such as corporate circles of the F.A.Z. confirmed. The Baden-Württemberg company did not want to comment on the sum or the content of the plans. “We now want to have talks with the employee representatives and talk to them about the paths,” said a spokesman. However, the business areas beyond Europe and the bus division are excluded. “This dimension of a savings program has never existed at Daimler Truck,” says Michael Brecht, chairman of the overall works council: “For us it is clear: Saving is not a strategy. Daimler Truck is not a renovation case. ”On a leaflet that the F.A.Z. and with which the works council invites the workforce to the meetings, it is said that the company “especially in production, research and development and the headquarters more than one billion euros wants to save socket. Trucksda’s savings program refers to the Mercedes-Benz Trucks brand, which together with the employees of the bus division employs 34,000 people in Germany. Six locations are affected: the factories in Wörth am Rhein (vehicles), Kassel (axis), Mannheim (motors) and Gaggenau (gear) as well as the sales center in Berlin and the headquarters in Leinfelden-Echterdingen near Stuttgart. Company meetings are to take place everywhere in the coming week. After the meetings, the general works council wanted to form an opinion and decide how the negotiations would be taken. During the USA, the demand in Europe and in the home market in Germany is weak. In the past few months, the company had indicated several times that processes have to be accelerated and structures have to be checked because the manufacturer had to build up his own organization very quickly after the separation from the car manufacturer Mercedes. In addition, Daimler Truck is preparing for the fact that Chinese manufacturers would also gain a foothold in Europe in the future, but more about the topic of the savings package are also the return destinations of Daimler-Truck supervisory board head Joe Kaeser, who said at the presentation of Rådström in October: “In the medium to long term, we not only want to be the largest truck provider in the western world, but also margin leaders.” Kaeser had competitors such as Volvo and Scania in view. In Volvo’s truck business, the adjusted return in 2024 was around 12.7 percent, for the VW subsidiary Scania 14.4 percent in the first nine months. Daimler Truck only comes to a return of 9.0 percent in the same period. With sales of 39.7 billion euros, the company generated an operational profit (EBIT) of 3.6 billion euros. Daimler Truck presented the figures for the year 2024 in mid -March.
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