Zetsche Denies Further Mercedes Job Cuts

Posted by www.eMercedesBenz.com on October 20, 2005 at 11:30 AM CST

In a recent interview with Auto Bild, Mercedes' chief Dieter Zetsche  
denied rumors of any additional layoffs for the Mercedes Car Group.   
Rumors circulated that as many as 1,500 additional job cuts may be  
possible, but according to Zetsche "The figure 8,500 applies... it is  
important for us to further raise productivity at Mercedes and allow  
the company to grow in a healthy and profitable manner."

Zetsche went on to further deny speculation he has plans on  
separating the Chrysler unit, stating "We are one company and can  
learn from each other -- even across the Atlantic Ocean."

Last month, Zetsche introduced plans to lay off 8,500 jobs from the  
Mercedes Car Group, a move that will cost Mercedes in upwards of $1  
billion. Mercedes plans on implementing the job cuts over the next 12  
months, with the majority of the expenses being posted in the fourth  
quarter of this year.

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