Daimler is likely to cut 4% of its jobs in China in the first and second half of 2020 respectively

Big auto companies are starting to cut costs and improve efficiency amid a sluggish market.

Daimler is likely to cut 4% of its workforce in China in the first and second half of 2020 respectively, including around a hundred experts in Beijing Benz, reported auto information platform www.iyiou.com citing people familiar with the matter.

The insider says foreign employees are paid 7-8 times higher than their Chinese counterparts in China, adding Beijing Benz spends over 300,000 euros on each German employee dispatched to China each year.

Editor: Tan Yuhan