Daimler to axe at least 10,000 jobs worldwide

Mercedes-Benz owner aims to slash a1bn from wage bill in drive towards electric cars

Daimler has announced plans to cut at least 10,000 jobs worldwide in the latest sign of stress in the German automotive industry as it invests billions in electric cars.

Daimler, which owns Mercedes-Benz and also makes lorries, vans and buses, said on Friday it planned to cut thousands of jobs by the end of 2022, but later made it clear the toll would be higher.