Daimler close to Mercedes job cuts deal -paper

Newswire

FRANKFURT, Sept 24 (Reuters) - DaimlerChrysler is close to striking a deal with staff at its premium Mercedes Car Group division on voluntary redundancy packages that could eliminate some 5,000 jobs in Germany, a newspaper reported. Mercedes chief Dieter Zetsche, who will also become group chief executive at year's end, will present results of the cost-saving drive to a board meeting in Detroit at the middle of next week, the Frankfurter Allgemeine Sonntagszeitung said. It did not cite ...

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