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Automakers

Daimler CEO warns of ‘drastic’ pay cuts, deeper restructuring

A worker assembles a Mercedes-Benz vehicle
(BLOOMBERG/Bloomberg)
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By:
CHRISTOPH RAUWALD
B
By:
Bloomberg
|
July 01, 2020 09:49 PM

FRANKFURT -- Daimler CEO Ola Kallenius said the maker of Mercedes-Benz vehicles and the industry as a whole faces painful cutbacks to overcome the economic fallout of the COVID-19 pandemic.

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