U.S., Mexico Layoffs

Daimler Slashes Truck Workforce Again

Daimler CEO Dieter Zetsche source Uli Deck dpa Detroit Auto Show January 2013 - 29991038
Daimler's chief executive, Dieter Zetsche.
  • Why it matters

    Why it matters

    Lower demand for trucks could affect Daimler’s bottom line, holding back profit growth at the German producer of luxury cars, trucks and buses.

  • Facts

    Facts

    • Daimler Trucks has several plants in the United States and Mexico building trucks and buses.
    • The truck division sells vehicles in the United States under its brands Mercedes-Benz, Freightliner, Western Star and Thomas Built Buses.
    • The business employed 17,127 jobs in the United States at the end of 2015 of a total 86,391 worldwide.
  • Audio

    Audio

  • Pdf

Daimler Trucks, a subsidiary of the German luxury carmaker, said Tuesday it will cut another 6 percent of jobs at its Americas heavy duty vehicles operations, eliminating 1,240 positions at factories in the United States and Mexico.

The automaker, based in Stuttgart and led by chief executive Dieter Zetsche, blamed the second round of cuts this year to its global trucks workforce on the continued slump in demand for lorries and buses.

The German company sells trucks and buses in the United States under the brands Mercedes-Benz, Freightliner, Western Star and Thomas Built Buses.

Daimler said it will cut 970 jobs at two plants in North Carolina in Mount Holly and Gastonia, and at its biggest U.S. factory in Portland, Oregon.

Daimler’s shares rose 2 percent to €60.54, or $68.83, on Tuesday morning in Frankfurt amid a broad market rise in Europe and Asia.

Want to keep reading?

Subscribe now or log in to read our coverage of Europe’s leading economy.