Daimler Job Cuts

Daimler announced today that it will lay off 1,250 American employees because of reduced demand for Freightliner trucks.

Company’s Second Round Of Major Layoffs This Year

Daimler blamed a 10% decrease in U.S. demand for trucks for the layoffs.

The company already laid off about 900 employees at the Rowan County plant in January. This round of layoffs will cut 550 more jobs from the Rowan County plant. They will also lay off about 700 employees at the Mount Holly plant. The company hopes that the layoffs will be temporary.

The workers’ last day will be Friday, but they will continue to be paid through April 16 as required by federal law for large-scale layoffs.

Daimler CEO Gets Contract Extension

In other Daimler news, it was also announced today that CEO Dieter Zetsche received a three year contract extension after the company reported record breaking annual profits.

Sources:
The Wall Street Journal
Fox Business
The Salt Lake Tribune
WRAL

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