“Daimler does not plan to divest any of these divisions,” he added.

Daimler has guaranteed that it will maintain the jobs until the end of 2029 in Germany and will contribute 3,000 million euros to the pension fund of its employees in the fourth quarter of this year, according to the German automotive manufacturer. The company said in a statement that the decision must still be approved by the supervisory board.

The company also stated that it will continue to give employees a bonus as a share in the benefit of Daimler and that it will create independent legal entities to improve its business structure.

The Mercedes-Benz Cars & Vans and Daimler Trucks & Buses divisions will be transferred to two legally independent entities to take on greater corporate responsibility.

With the implementation of this new structure under the roof and direction of Daimler AG, there will be three independent entities: Mercedes-Benz Cars & Vans, Daimler Trucks & Buses and Daimler Financial Services with legal headquarters in Germany. “Daimler does not plan to divest any of these divisions,” he added in the statement.

Once the board of directors and the supervisory board decide to implement the new structure, these measures will have to be approved by Daimler’s general shareholders’ meeting, as early as 2019.

EFE the economist – 10/16/2017 (Translation Soft)