Staff reduction
Daimler Truck wants to delete 5,000 jobs in Germany
Daimler Truck has several construction sites in Europe. To get back on track, the company has to save. Positions should also be omitted. Now it is clear how many.
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.
Agreement on cornerstones in May
The DAX company had already agreed with the general works council at key points for the 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.
Both production and headquarters, administration, sales and development are affected by the “Cost Down Europe” savings program at the recently weakening brand Mercedes-Benz Trucks. In addition to personnel costs, the costs for material, administration, IT infrastructure as well as research and development are also to be reduced.
There are a total of five locations in Germany: Gaggenau, Kassel, Mannheim, Stuttgart and Wörth. The latter location in Rhineland-Palatinate is the largest assembly plant for trucks. In total, the recurring costs should be reduced by more than one billion euros by 2030 at the latest.
Profitability should increase
According to the company, the business figures have recently shown that Mercedes-Benz Trucks must become more resistant. With the program, the company wants to get the company back on track.
Specifically, Daimler Truck wants to increase profitability a little more than before. 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.
dpa
Source: Stern
