Daimler has said it will lay off 18,000 workers for several months at its German truck plants.
Go deeper with GlobalData
Daimler said in a statement that four Mercedes-Benz truck plants were affected and the measures would take effect by Easter (April 12), or May at the latest and run until the end of summer vacations, which is in late August.
The company declined to give details on how the the measures would take effect or on production cutback targets, AFP reported.
Daimler’s truck business has been hit by weak demand and orders continue to fall, it said in a statement.
A plan to compensate workers affected by temporary layoffs was recently extended in Germany as part of the government’s overall economic stimulus plan aimed at avoiding outright redundancies, AFP said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSeveral large groups have announced temporary layoffs since, the news agency said.
