Daimler workers agree to 100 mln euros cost cuts

Newswire

FRANKFURT, Sept 26 (Reuters) - German luxury carmaker Daimler agreed on Friday with its organised labour to cut about 100 million euros ($146.3 million) in annual costs in the group's own 150 captive German dealerships that employ some 15,000 staff. In return for accepting wage cuts, these Daimler dealership employees will be protected from forced layoffs up to the end of 2017, the group's works council said in a statement on Friday. Daimler confirmed a deal had been reached. The 150 ...

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