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.