bmer
Tire Trailblazer
View attachment 40ca66b55b822c9a5db076d52353bc40.jpg
Sat Nov 22, 2008 9:38am EST
FRANKFURT (Reuters) - Daimler is eyeing further cost cuts, the maker of Mercedes cars confirmed on Saturday as a global economic slump squeezes sales.
Earlier this month, Europe's ailing car makers looked to cut production after dire demand in October sent the market tumbling to its lowest level in years and forced Opel to ask German taxpayers for a billion-dollar bailout.
Labor leaders at Daimler have already said management plans to slash output of its Mercedes-Benz luxury cars, cut the working week and offer redundancy packages after calculating they have 5,800 more staff on payroll than needed.
CEO Dieter Zetsche has not ruled out job cuts.
On Saturday, a German newspaper cited an internal letter sent to Daimler's top management ordering them to save costs everywhere after business sunk "in a way that no-one could have imagined some months ago."
"Everyone has to do their bit," German daily Stuttgarter Zeitung quoted from the letter. In another report, a top Daimler manager said he was examining selling a successor model to the A and B class in America as smaller cars turned fashionable.
Full news article: Daimler eyes cuts as car industry struggles | Reuters
Sat Nov 22, 2008 9:38am EST
FRANKFURT (Reuters) - Daimler is eyeing further cost cuts, the maker of Mercedes cars confirmed on Saturday as a global economic slump squeezes sales.
Earlier this month, Europe's ailing car makers looked to cut production after dire demand in October sent the market tumbling to its lowest level in years and forced Opel to ask German taxpayers for a billion-dollar bailout.
Labor leaders at Daimler have already said management plans to slash output of its Mercedes-Benz luxury cars, cut the working week and offer redundancy packages after calculating they have 5,800 more staff on payroll than needed.
CEO Dieter Zetsche has not ruled out job cuts.
On Saturday, a German newspaper cited an internal letter sent to Daimler's top management ordering them to save costs everywhere after business sunk "in a way that no-one could have imagined some months ago."
"Everyone has to do their bit," German daily Stuttgarter Zeitung quoted from the letter. In another report, a top Daimler manager said he was examining selling a successor model to the A and B class in America as smaller cars turned fashionable.
Full news article: Daimler eyes cuts as car industry struggles | Reuters
