Daimler to cut 'thousands' of jobs by 2022 to fund switch to electric vehicles
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Frankfurt
LUXURY automaker Daimler on Friday said it was scrapping "thousands" of jobs to help fund the switch to electric vehicles, in the latest layoffs to hit the stuttering German car industry.
The Mercedes-Benz maker said it wanted to save 1.4 billion euros (S$2.1 billion) in staff costs as it joins rivals in investing billions in the greener, smarter cars of the future.
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