Daimler seeks 1 billion euros in savings at Mercedes-Benz by cutting jobs

FRANKFURT (Reuters) - Tougher emissions rules will hit Daimler's profits in 2020 and 2021, prompting the German carmaker to seek more than 1 billion euros (£861.21 million) in savings from cutting staff costs at its Mercedes-Benz business by the end of 2022, it said on Thursday.Daimler shares were down 2.3% in early trading at 52.17 euros, the biggest decline on Germany's DAX blue-chip index, which was down 0.3%. Management positions will be cut by around 10%, and company said it would also..