Daimler (supposedly) Will Axe 10,000 Jobs by 2021

[wemay]

https://www.thedrive.com/news/27558...-cuts-will-axe-10000-jobs-overall-report

Quote

Daimler's new boss Ola Källenius won't formally start until May 22, but is already reportedly looking to reduce the company's footprint with a reported slashing of up to 10,000 jobs, according to German publication Manager Magazin. The publication, which doesn't cite where its information came from, states that Källenius is looking to make both Daimler and Mercedes-Benz more streamlined, as well as seek a $6.75 billion in cost savings...

 

[The Critic]

Like humans, every company has room for fat to be trimmed. Keeping your cost structure ahead of your competitors is the only way to survive in today's economy.

 

[PimTac]

There has been some talk of consolidation in the automobile manufacturer sector. Would Daimler be making themselves presentable for a future offer?

 

[Warstud]

The economy is slowing

 

[Andrew1972]

10k of near 300k jobs.

 

[WobblyElvis]

Even a successful manufacturing company is going to require less people as automation/robots become common. It's going get worse.

 

[PimTac]

Originally Posted by Warstud
The economy is slowing




Daimler has been in trouble for quite some time. If it weren't for a certain Chinese source of funds they may not have gone this long.

 

[daves87rs]

Car sales have nowhere to go but down...might be wise to prepare....

 

[joekingcorvette]

We are doomed.....dooooomed.

 

[Wolf359]

Originally Posted by The Critic
Like humans, every company has room for fat to be trimmed. Keeping your cost structure ahead of your competitors is the only way to survive in today's economy.


GE had a policy where they eliminated the bottom 10% every year. Worked for a while, but now they've tanked.

 

[BMWTurboDzl]

For perspective,....Daimlar has almost 300,000 employees of which Mercedes-Benz accounts for approx 150,000.

 

[JTK]

Originally Posted by Wolf359
Originally Posted by The Critic
Like humans, every company has room for fat to be trimmed. Keeping your cost structure ahead of your competitors is the only way to survive in today's economy.


GE had a policy where they eliminated the bottom 10% every year. Worked for a while, but now they've tanked.



GE and DuPont

Didn't effect the unionized staff .... Until entire facilities closed.

 

[Mr Nice]

Originally Posted by Wolf359
Originally Posted by The Critic
Like humans, every company has room for fat to be trimmed. Keeping your cost structure ahead of your competitors is the only way to survive in today's economy.


GE had a policy where they eliminated the bottom 10% every year. Worked for a while, but now they've tanked.

Yeah. That forces people to produce or hit the road.

 

[SeaJay]

Originally Posted by Mr Nice
Originally Posted by Wolf359
Originally Posted by The Critic
Like humans, every company has room for fat to be trimmed. Keeping your cost structure ahead of your competitors is the only way to survive in today's economy.


GE had a policy where they eliminated the bottom 10% every year. Worked for a while, but now they've tanked.

Yeah. That forces people to produce or hit the road.

Also forces people to be uber-competitive, and less team orientated. Not necessarily a bad thing, but a thing nonetheless.

 

[Wolf359]

Originally Posted by SeaJay
Originally Posted by Mr Nice
Originally Posted by Wolf359
Originally Posted by The Critic
Like humans, every company has room for fat to be trimmed. Keeping your cost structure ahead of your competitors is the only way to survive in today's economy.


GE had a policy where they eliminated the bottom 10% every year. Worked for a while, but now they've tanked.

Yeah. That forces people to produce or hit the road.

Also forces people to be uber-competitive, and less team orientated. Not necessarily a bad thing, but a thing nonetheless.


And also means that their HR is no good. Why don't they stop hiring that 10%?

 

[JeffKeryk]

Originally Posted by Mr Nice
Originally Posted by Wolf359
Originally Posted by The Critic
Like humans, every company has room for fat to be trimmed. Keeping your cost structure ahead of your competitors is the only way to survive in today's economy.


GE had a policy where they eliminated the bottom 10% every year. Worked for a while, but now they've tanked.

Yeah. That forces people to produce or hit the road.

In theory perhaps.
Layoffs are highly political.

 

[Mr Nice]

True.

But today the Boss can click a button and see every employee's metrics.

People with low metrics should be cut due to lack of performance.

 

[Hootbro]

My employer did the 10% annual attrition thing for about 5 years and then abandoned it. It is fine for the first 2-3 years of getting rid of true dead weight but then when you are actually left with nothing but star employees, it then becomes a Lord of Flies environment and as previously mentioned, team work goes out the window.