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Dec 11, 2006

CUTTING JOBS * USA - DaimlerChrysler Truck May Lay Off 4,000 as Sales Slow

NY,USA -Bloomberg, by Jeff Bennett & Jeremy Van Loon -Dec. 11, 2006: -- DaimlerChrysler AG, the world's largest truck maker, is preparing to lay off 4,000 workers in North America because it expects sales to slump next year... That would be about 16 percent of the North American workforce at the truck and bus unit of DaimlerChrysler, division chief Andreas Renschler said today in an interview in Dearborn, Michigan... The employees will be eligible for recall, he said... Chief Executive Officer Dieter Zetsche is bracing for a North American sales decline because buyers accelerated truck purchases this year before new emission standards and higher prices take effect Jan. 1...

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