UPDATE 1-Mercedes job cuts cost less than planned -Daimler

Newswire

(Adds comments from news conference, background) STUTTGART, Oct 31 (Reuters) - Job cuts at DaimlerChrysler's premium division Mercedes Car Group will end up costing 840 million euros ($1.07 billion), 110 million euros less than originally planned, the group's personnel director said on Tuesday. The world's fifth-biggest automaker had earmarked 950 million euros to cut 8,500 jobs at Mercedes in high-cost Germany. It said last week that 9,300 Mercedes staff had already left the group or ...

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