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Daimler to cut 'thousands' of jobs by 2022 to fund switch to electric vehicles

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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.

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...

sentifi.com

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