Mercedes Car Group's Job Cuts On Track

Posted by www.eMercedesBenz.com on November 30, 2005 at 12:15 AM CST

Reuters is reporting today that DaimlerChrysler's planned 8,500 job  
cuts at the Mercedes Car Group are well on track.

According to Guenther Fleig, Mercedes' personnel chief, "There is no  
indication that the program will not be successful," and noted that  
the 8,500 target would be easily surpassed if one extrapolated the  
demand so far.

Already, more than 43,000 interviews have been conducted with  
employees interested in the job-cutting program, and 10,000 have been  
interviewed  more than once.

Despite greater than expected interest from middle-aged staffers,  
Fleig went on to indicate the $1.1 billion set aside to finance the  
job cuts "should suffice."

Once implemented, the job cuts are expected to save the Mercedes Car  
Group around $600 million in annual labor costs.

Cha-Ching, Cha-Ching.

What's that noise?  It's the sound of Dieter counting the Christmas  
bonus he'll be receiving once he saves stockholders $600 million a year.


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