Daimler Chrysler Moving Closer To Mercedes Job Cuts

Daimler Chrysler Moves Closer To Job Cuts

Posted by eMercedesBenz on September 25, 2005 at 9:31 AM CST
Rumor has it Daimler Chrysler is moving closer to eliminating 5,000  
jobs at the Mercedes Car Group's German plant.  This comes after a  
deal last year between Daimler Chrysler and the works council that  
guaranteed no worker at its German plants would be laid off, in  
exchange for concessions that will generate Daimler Chrysler 500  
million euros in savings for 2007.  In other words, the only way for  
Daimler Chrysler to cut 5,000 jobs will be via volunteers who will  
receive tidy little buyout packages. How much you ask? Daimler  
Chrysler is expected to incur charges in the triple digit millions of  
euros. Ouch.

Zetsche is rumored to be presenting the job-reducing proposal at a  
board meeting in Detroit later this week.


To View More Mercedes Related Stores, Click Here www.eMercedesBenz.com