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Automakers

Daimler to cut 1,100 management positions worldwide, reports say

Daimler CEO Ola Kallenius is due to give a strategy update, which could include cost measures, later this month. (Stefan Wermuth/Bloomberg)
Wr
By:
Wire reports
November 08, 2019 11:47 AM

FRANKFURT -- Daimler will cut 1,100 leadership positions worldwide, or about 10 percent of its management, reports said.

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