(Rewrites with company announcement) By Michael Shields FRANKFURT, Jan 24 (Reuters) - DaimlerChrysler will cut its bloated management by up to a fifth over the next three years, chopping around 6,000 jobs as a way to boost efficiency, the world's fifth-biggest carmaker said on Tuesday. The global programme -- the first major strategic step by new Chief Executive Dieter Zetsche -- will cost around 2 billion euros ($2.5 billion) by the end of 2008 but should reap substantial savings. ...
Premium Content (PAID Subscription Required)
"UPDATE 2-DaimlerChrysler to cut management by fifth" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.