Daimler Cutting 1,500 Brazil Truck Jobs as Demand Plunges

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Truck And Bus Production At Daimler AG Plant As Automaker Inaugurates Bus Plant

Dhiraj Singh/Bloomberg

Daimler AG is eliminating 1,500 jobs at its Brazilian truckmaking division as demand for commercial vehicles in the country shows no sign of recovery. Workers at one of the plants affected went on strike in response, and the German company’s stock fell the most in almost four years.

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