Overview

• Daimler Truck and the Gesamtbetriebsrat have agreed on a comprehensive cost reduction plan under the 'Cost Down Europe' initiative, aimed at improving European competitiveness.
• The agreement includes socially compatible workforce reductions through natural attrition, early retirement, and voluntary departures, avoiding forced layoffs.
• An employment guarantee has been extended through 2034, ensuring no plant-related dismissals for the next decade.
• Key measures include adjusting 2026 wage increases, increasing temporary staffing quotas to 18%, and introducing profit-sharing mechanisms for employees.
• Details of severance programs and further implementation steps will be finalized in the coming weeks, with the plan impacting approximately 28,000 employees at five German locations.