The commercial vehicle manufacturer Daimler Truck plans to cut around 5,000 jobs in Germany by 2030. This was announced by the company on its capital market day in Charlotte (North Carolina). According to a spokesman, the places are to be largely reduced through natural fluctuation and partial retirement. But targeted severance payment programs are also possible, it said. According to the information, the company’s truck division from Leinfelden-Echterdingen near Stuttgart is affected. There were around 28,000 jobs there at the end of 2024. Daimler Truck has a total of around 35,500 employees in Germany. Again with the works council in the Maidas Dax company, the general works council had already agreed on cornerstones for German truck locations in May. These also include socially acceptable personnel reduction. How many places of the manufacturers of trucks and buses wants to paint has not yet been known. In the paper, Daimler Truck and employee representatives have also agreed that there should be no operating terminations by the end of 2034. From the “Cost Down Europe” savings program at the recently weakening brand Mercedes-Benz Trucks are both the production and the headquarters, administration, sales and development. In addition to the personnel costs, for example, the costs for material, administration, IT infrastructure and research and development are reduced. The latter location in Rhineland-Palatinate is the largest assembly plant for trucks. Overall, the recurring costs should be reduced by more than one billion euros by 2030 at the latest. According to company figures, profitability should have shown that Mercedes-Benz Trucks must be more resistant. With the program you want to get the company back on course in Europe. Daimler Truck wants to increase profitability a little more than before in the next five years. Chief Karin Radström will be targeting a profit margin against interest and taxes of more than 12 percent by 2030. The numbers only refer to the industrial business – so it does not include financial services. So far, the Swabians had only expected this in the event of favorable conditions.
Go to source