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Sep 28, 2005

Cut- Germany - Mercedes 'plans 8,000 job cuts'

UK - BBC -Sept 28, 2005: -- Mercedes employs about 160,000 people in GermanyCarmaker DaimlerChrysler is planning to cut more than 8,000 German jobs at its troubled Mercedes division, according to a newspaper report... Profits at Mercedes have fallen as the company struggles to deal with quality control problems and the strong euro... The company employs about 160,000 people in Germany and has almost 385,000 workers worldwide... Mercedes made an operating profit of 12m euros in its second quarter, after registering a first-quarter operating loss because of restructuring costs at its Smart division...

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