Mercedes Benz COO Warns Of Possible Job Cuts

The number two executive at Daimler's  premium brand Mercedes-Benz warned on Monday that a sharp plunge in demand for its luxury cars could lead to job cuts. Mercedes Chief Operating Officer Rainer Schmueckle said the brand was experiencing a "full-blown sales crisis", which would make it cut personnel levels should the weakness continue for a long time.

While it has not yet discussed reduced working hours, it has already cut the number of temporary workers.

 

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Type707 - 10/22/2008 6:52:19 PM

+1 Boost

Thats not suprising at all. Mercedes down here in Hawaii has been cutting down on its staff as well.