September 30, 2005

Mercedes Car Group to reduce 8,500 jobs in Germany

Stuttgart, Germany – The Board of Management of DaimlerChrysler AG has set a reduction target of 8,500 jobs for the Mercedes Car Group Business Division. The reductions are to be achieved over the next twelve months by voluntary termination agreements, and will contribute to significant improvements in Mercedes-Benz’s competitiveness through an increase in productivity, said the company.

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