DaimlerChrysler to Cut 8,500 Mercedes Jobs
09-28-2005, 11:44 AM
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DaimlerChrysler to Cut 8,500 Mercedes Jobs
Wednesday September 28, 11:38 am ET
FRANKFURT, Germany (AP) -- German-American automaker DaimlerChrysler AG said Wednesday it will cut 8,500 jobs at its Mercedes Car Group in a bid to turn the troubled brand around and return it to profitability.
The company said the cuts, which will take place in Germany, will be done through voluntary termination agreements through the next 12 months and result in charges of 950 million euros ($1.11 billion).
FRANKFURT, Germany (AP) -- German-American automaker DaimlerChrysler AG said Wednesday it will cut 8,500 jobs at its Mercedes Car Group in a bid to turn the troubled brand around and return it to profitability.
The company said the cuts, which will take place in Germany, will be done through voluntary termination agreements through the next 12 months and result in charges of 950 million euros ($1.11 billion).
