Daimler Truck said at its Capital Markets Day in Charlotte, North Carolina, that it plans to eliminate about 5,000 positions in Germany by 2030, equivalent to roughly 14 % of its 35,500-strong workforce in the country. The cuts, focused largely on the Mercedes-Benz Trucks division, are to be achieved mainly through natural attrition, expanded early-retirement options and targeted severance packages, with an agreement in place to avoid compulsory redundancies until the end of 2034. The measure is part of the "Cost Down Europe" programme, which seeks more than €1 billion in recurring savings by 2030. In addition to the job reductions, the plan calls for shifting some production to a lower-cost country and trimming head-office and general-administration staff in Germany by 20 %, moves the company says will streamline operations and bolster competitiveness. Alongside the restructuring, the world’s largest standalone truckmaker forecast organic revenue growth of 3–5 % a year and an adjusted industrial return on sales of above 12 % through 2030. The outlook comes after the company reported a 5 % drop in second-quarter sales and follows Monday’s announcement of a €2 billion share-buyback programme. Daimler Truck shares, which initially rose on the buyback news, were down about 3.5 % in afternoon Frankfurt trading after the cost-cutting details emerged.