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Mercedes to lose more than 8,000 jobs
STUTTGART, Germany ugg boots women, Sept. 28 (UPI) -- German-American car giant DaimlerChrysler plans to cut more than 8 botas ugg baratas,000 jobs in its Mercedes brand, German media reports said Wednesday.
German daily Bild said the Mercedes Car Group will lose 8 ugg botas barcelona,600 of the 160,000 jobs. The daily Stuttgarter Nachrichten reported a similar number ugg outlet deutschland, sourcing unnamed company officials ugg london, after the company announced earlier this year it would cut not more than 5 venta ugg,000 jobs.
A contract signed by DaimlerChrysler and labor leaders prohibits layoffs until 2012. The cuts will be arranged by granting workers compensations or enabling them to enter early retirement. Eighty percent of the cuts will be in Germany, German public radio SWR said. The Mercedes plants in Sindelfingen and Untertuerkheim ugg günstig kaufen, near Stuttgart, and Bremen are most likely to lose jobs.
DaimlerChrysler announced earlier this year it would implement a cost-cutting plan to revitalize the struggling Mercedes brand. New DaimlerChrysler head Dieter Zetsche ugg short, who also took over the leadership position at Mercedes ugg boots günstig, is known as a tough reformer from his times at Chrysler. Company officials and labor leaders refused to comment on the reports.
DaimlerChrysler shares on Wednesday rose to a three-year-high after news of the planned belt-tightening reached the German stock market in Frankfurt.
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