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Mercedes 'plans 8,000 job cuts'
Bonn Published in Saudi Press Agency on 28 - 09 - 2005

Carmaker DaimlerChrysler is planning to cut more than 8,000 German jobs at its troubled Mercedes division, according to a newspaper report.
The Stuttgarter Nachrichten said the cuts, which would be 3,000 more than the 5,000 previously expected, would be announced on Wednesday.
Profits at Mercedes have fallen as the company struggles to deal with quality control problems and the strong euro.
The German carmaker has also suffered sharp losses at its Smart minicar firm.
Mercedes made an operating profit of 12m euros in its second quarter, after registering a first-quarter operating loss because of restructuring costs at its Smart division.

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