Daimler to cut 1,100 managing positions worldwide - Sueddeutsche Zeitung

FRANKFURT (Reuters) - Daimler will cut 1,100 leadership positions worldwide, or about 10% of its management, German daily Sueddeutsche Zeitung said on Friday, citing a newsletter circulated by the company's works council.A spokesman for Daimler's works council declined to comment.Daimler's new Chief Executive is due to give a strategy update, which could include cost measures, on Nov. 14.Daimler said the carmaker was working on a cost analysis so that the car, truck and bus maker can remain..