While announcing the updated financial targets for 2030, Daimler Truck Holding AG (DTRUY.PK) hinted about reducing workforce as a part of its Cost Down Europe efficiency program.
The company stated that the restructuring plan would lead to a shift of production volume to a best-cost country and further measures, leading to a significant job reduction in Germany by 2030.
The company added that it will utilize natural attrition and expanded early retirement options to reduce positions in a socially responsible manner as well as offer targeted severance packages.
Currently, Daimler's stock is trading at $24.12, up 0.71 percent on the OTC Markets.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.