--Daimler will cut 20,000 jobs instead of 15,000 in a bid to save EUR2 billion, instead of EUR1.4 billion, reports German news outlet Handelsblatt, citing corporate sources.

--Previously Daimler has said operational layoffs were excluded from cost cutting programs, but Handelsblatt is reporting that is no longer the case.

 

Full story: https://bit.ly/3fERmT8

 

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(END) Dow Jones Newswires

July 17, 2020 08:57 ET (12:57 GMT)

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