Daimler AG intends to be cutting 10 thousand as it shifts towards Electric Cars

The parent firm of Mercedes-Benz, Automaker Daimler AG made an announcement that it will be cutting 10 thousand jobs as the firm rapidly shifts from traditional combustion engines to electric cars.

This enormous job cut plan will be part of a corporate initiative for complying with the stringent European Union regulations by cutting emissions of carbon dioxide and undergoing a period of transition to producing more electric, as well ....