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In November 2019, Daimler, which owns Mercedes-Benz, stated that it plans to lay off at least 10,000 employees globally in the next three years, as a reduction in staff costs by about 1.4 billion by the end of 2022 Part of the Euro (1.54 billion USD) plan.
In November, Volkswagen's luxury brand Audi also announced plans to lay off 9,500 employees by 2025, accounting for 10.6% of the total number of employees, in order to save 6 billion euros ($6.61 billion).
In July, Nissan announced its biggest restructuring plan in a decade. The company announced plans to lay off 12,500 employees worldwide by March 2023, cut production capacity, and cut its product line by about 10%.
In May, Volkswagen workers supported the restructuring of the world's largest automaker after CEO Herbert Diess pledged to spend 1 billion euros ($1.1 billion) in a new battery production plant near its headquarters.
In February, Honda Motor, Japan's third-largest automaker, announced a global manufacturing restructuring, which included closing factories and laying off thousands of jobs in Europe.
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