Despite all turbulence, the Daimler Authentor has given its shareholders a profit margin with double digitity by 2030. A “significant” staff reduction should contribute to this. About 5,000 of the 35,000 jobs must only be removed in Germany.
The truck department is mainly affected, said a company spokesperson. The positions must be largely reduced in the coming five years by natural fluctuation and partial pension. But targeted severance allowance programs are also possible, said it.
According to this, the margin should rise to more than 12 percent, the group announced on Tuesday for the capital market day in Charlotte in the US state of North Carolina. “We want to be the best truck and bus companies for our customers, our employees and our shareholders,” said Daimler boss Karin Radström.
Supervisory Board Joe Kaeser had formulated the claim on the start of Radström in the fall that Daimler had to become the most profitable manufacturer of commercial vehicles. At the time, the Swedish Scania with a margin in Europe and the competitor Paccar with a margin of more than 16 percent in the United States.
Group management expands pressure
To be able to keep the goal, Radström has initiated a savings program with a “significant” staff reduction of the relatively reduction in Europe, which will save more than a billion euros by 2030.
However, the starting point is currently difficult: the American customs policy is the fraying of expeditors of concern about an economic descent on this side and outside the Atlantic Ocean through the purchase of new commercial vehicles.
In the second quarter, Daimler’s turnover fell by 20 percent in North America. Some analysts therefore question the prospects for 2025, which were only reduced in May due to customs effects. According to this, sales must fall to 48 to 51 billion euros of 54 billion euros in the previous year. The adjusted operating result (EBIT) should be five percent above or below the previous year – at that time it had fallen by 15 percent to 4.7 billion euros.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
