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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