Daimler Truck to Trim 5,000 Jobs in Germany
Daimler Truck Announces Strategic Initiative During Capital Markets Day
Key Details
- Capital Markets Day is scheduled for Tuesday.
- The event will be held in North Carolina, USA.
- The company has unveiled a significant announcement that aligns with the day’s agenda.
Implications: This move highlights Daimler Truck’s commitment to innovation and market leadership.
Daimler Truck Announces Significant Workforce Reduction in Germany
Strategic Cost‑Cutting Measures
Daimler Truck has outlined plans to eliminate roughly 5,000 positions within its domestic operations by the year 2030. This initiative is part of a broader effort to trim recurring annual expenses by over €1 billion, according to a company statement released on Tuesday.
How the Company Will Execute the Reductions
- Natural attrition – allowing staff departures to reduce headcount without replacement.
- Expansion of early‑retirement options to encourage voluntary exits.
- Targeted severance packages for affected employees.
The firm emphasized that these changes will be carried out in a socially responsible manner. A joint agreement between the Board of Management and the general works council has clarified the key efficiency enhancements and provided a transparent outlook for all German locations.
Financial Highlights Released During the Capital Market Day
While hosting its Capital Market Day in North Carolina, Daimler Truck also shared financial forecasts. The company projects:
- An organic revenue growth rate of 3% to 5% per year in its industrial segment through 2030.
- Enhanced performance in the North American vocational truck market.
- Robust expansion in zero‑emission vehicle sales across Europe.
- Emerging opportunities in India and the defence sector.
Additionally, Daimler Truck anticipates an adjusted return on sales exceeding 12% within its industrial business by the end of the decade. Free cash flow is expected to rise by about 50% relative to 2024 levels.
Leadership Perspective on Customer Focus
Achim Puchert, member of the Management Board for Mercedes‑Benz Trucks and BharatBenz, stated:
“Our priority is our customers’ success, now and into the future. To achieve this, we’ll rely on three core levers: restructure, leverage, and grow.”
