Mercedes job cuts aim to save 500 mln euros/year

Newswire

FRANKFURT, Sept 29 (Reuters) - DaimlerChrysler aims to save 500 million euros ($602.8 million) a year in labour costs via voluntary redundancy packages for 8,500 workers at its Mercedes Car Group division, it said on Thursday. "(We are aiming for) savings of around 500 million a year," a spokeswoman said. She added that the exact amount depended on how many workers sign up for the deal. The job cuts are supposed to take place over 12 months. Savings would come on top of the annual 500 ...

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