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The premium automobile maker’s employer said back in March that Daimler would not need any extra funds via state aid. The 51-year old Daimler CEO then declared that the previously prepared procedures might not be adequate to counter the fallout. Daimler had actually already set out a strategy for cutting roughly 10,000 jobs in November 2019 in order to slash 1.4 billion Euros for the workers expenditures by 2022.

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