- Jan 7, 2002
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DaimlerChrysler AG announced Tuesday morning that the company will cut 6,000 white-collar jobs, or about 20% of its administrative staff, by the end of 2008.
The company wouldn?t detail where the reductions will take place, but most likely will occur in the company?s German headquarters. About a quarter of the administrative staff is in Auburn Hills, the company?s U.S. headquarters and home of the Chrysler Group.
The moves are designed to reduce redundancies and encourage more collaboration across divisions, said DaimlerChrylser chairman Dieter Zetsche in a conference call with analysts and press. The move is expected to save the company about $1.2 billion a year. ?Our objective in taking these actions is to create a lean, agile structure, with streamlined and stable processes that will unleash DaimlerChrysler?s full potential,? Zetsche said.
http://www.freep.com/apps/pbcs.dll/article?AID=/20060124/NEWS99/60124003
The company wouldn?t detail where the reductions will take place, but most likely will occur in the company?s German headquarters. About a quarter of the administrative staff is in Auburn Hills, the company?s U.S. headquarters and home of the Chrysler Group.
The moves are designed to reduce redundancies and encourage more collaboration across divisions, said DaimlerChrylser chairman Dieter Zetsche in a conference call with analysts and press. The move is expected to save the company about $1.2 billion a year. ?Our objective in taking these actions is to create a lean, agile structure, with streamlined and stable processes that will unleash DaimlerChrysler?s full potential,? Zetsche said.
http://www.freep.com/apps/pbcs.dll/article?AID=/20060124/NEWS99/60124003
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