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15,000 Daimler Jobs at Risk

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July 13, 2020—Carmaker Daimler announced that more than 15,000 jobs worldwide were at risk, reports Reuters.

According to the report, the carmaker of Mercedes-Benz said discussions with management over cost cuts had become "rougher," saying the more-than 15,000 workers would now have to take a buyout or retire to avoid forced layoffs.

The auto industry has been hit hard by the coronavirus pandemic, which shut down factories for over two months. The company previously announced in November, before the pandemic hit, that it would cut at least 10,000 jobs worldwide over the next three years in order to invest in electric vehicles.

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