Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.1 - Manufacture of motor vehicles

8,500 jobs
Number of planned job losses
Job loss
Announcement Date
21 September 2005
Employment effect (start)
1 November 2005
Foreseen end date
30 June 2006

Description

DaimlerChrysler has announced that up to 5,000 jobs will go at its Mercedes brand. The measure is meant to reduce overcapacity and raise profitability of DaimlerChrysler's most important brand. The company wants to avoid direct dismissals and compensate employees that leave the company voluntarily.


Sources

  • 22 September 2005: Frankfurter Allgemeine Zeitung
  • 27 September 2005: FAZ.NET (www.faz.net)

Citation

Eurofound (2005), DaimlerChrysler, Internal restructuring in Germany, factsheet number 62267, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62267.