A German newspaper has reported that Daimler is targeting another 15,000 jobs and will axe some low-yielding models as new-ish boss Ola Kallenius deals with the spending excesses of his predecessors.
The Handelsblatt newspaper reported that the parent company of Mercedes-Benz would cut significantly more jobs than it announced in December.
It will also slash under-performing models, like the Coupe and Convertible versions of the flagship S-Class along with the already-axed X-Class.
The versatile B-Class is also on the chopping block.
At the same time, Daimler will reportedly introduce 32 new models by 2022, starting with a facelifted E-Class and also including redesigned C-Class, S-Class and SL-Class models, and the new AMG GT Black Series,
EQA, EQE and EQS.
Daimler had targeted about €1.4 billion in annual staff savings by the end of 2022 in its November announcement, but Handlesblatt insists the cuts will go deeper than even that shock decision.
It will also slash investments in non-core businesses and on money-losing projects, the paper said.