Daimler, Workers' Council Agree on Key Points to Reduce Personnel Costs
28 Juillet 2020 - 03:13PM
Dow Jones News
By Kim Richters
Daimler AG said Tuesday that it agreed with the workers' council
on key points related to the car maker's strategy to cut costs amid
the coronavirus pandemic.
Measures to lower personnel costs will include reducing weekly
hours--and hence pay--for employees in administration and
production-related areas. This staff will work two hours a week
less for one year from October.
"The agreed measures are aimed at responding to the particular
economic burden caused by the corona pandemic and at further
securing employment," Daimler said in a statement.
The company and the workers' council will finalize the
agreements in the next weeks.
Daimler plans to "significantly reduce personnel costs by the
end of 2022 and onwards."
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
July 28, 2020 08:58 ET (12:58 GMT)
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