Daimler – 1,500 jobs cut in Brazil

Daimler AG is eliminating 1,500 jobs at its Brazilian truckmaking division as demand for commercial vehicles in the country shows no signs of recovery.

Workforce cuts became inevitable after industrywide truck sales in Brazil, South America’s largest economy, plunged 44 percent in the first half of 2015, compounding a decline last year, said Florian Martens, a spokesman at Stuttgart, Germany-based Daimler.

Chosen excerpts by Job Market Monitor. Read the whole story at Daimler Cutting 1,500 Brazil Truckmaking Jobs as Demand Plunges – Bloomberg Business.