Labour reps on Daimler board oppose three-year plan

Newswire

FRANKFURT, Dec 16 (Reuters) - Labour representatives on DaimlerChrysler's supervisory board voted against the carmaker's three-year operations plan on Friday because it relied too heavily on job cuts, the group's works council said. "In their view the planned job cuts are the result of group management's one-sided approach of boosting shareholder value on the backs of the staff," it said in a statement. It gave no details on what job cuts management had proposed in addition to the 8,500 ...

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