What recession? Daimler adding 1,000 to payroll next year
The automotive industry is reeling under serious financial woes, plant closings and job cuts, so news that Daimler AG will be adding 1,000 new people to its payroll next year comes as a bit of a shock. The new jobs will be added globally, with 500 positions going to Daimler's headquarters in Stuttgart, and the rest being distributed around the world. These new positions will reportedly train the automaker's next generation of workers, which are entering the industry at a time when expertise in complex developing technologies are essential for survival. Even with the added jobs, Daimler can't cut any positions until 2012 because of an agreement already in place with its employees. Just like every other automaker, it's hoping to weather the rough time in between by focusing on efficiencies and flexibility wherever possible. So that's one piece of good automotive news, now let's get to work on those stock prices.
[Source: CNN Money]
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Reader Comments (Page 1 of 1)
P.V. 8:13PM (10/12/2008)
What truck is that?
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Michael LaFramboise 8:24PM (10/12/2008)
http://www2.mercedes-benz.co.uk/content/unitedkingdom/mpc/mpc_unitedkingdom_website/en/home_mpc/truck/home/new_trucks/showroom_by_model/actros_new/overview.html
nagmashot 2:13AM (10/13/2008)
Autoblog Authors should look global and not only USA market..
The car industry isn´t going down all around the world..
VW stocks increased by 95% in the last year... last week they still have grown 24%... they sold 01-2008 till 08-2008 4.24million cars that is 4.2% more as in production record year 2007...
Audi claimed they have the best September ever in company history.. they have sold world wide 12.3% more cars in record year 2007 September.
Only companys very big on the USA market and weak on fast growing markets like russia, brasil and China or realtive stable markets like Europe are in real trouble.
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why not the LS2LS7? 3:56AM (10/13/2008)
Let's cover this again in 2 months when the information filters in from around the world.
nagmashot 4:38AM (10/13/2008)
@ why not LSblablabla
that are actual numbers ... there is nothing to hide on the stock exchange market ... in the worst ever week in stock exchange they have grown 24%
why not the LS2LS7? 3:58AM (10/13/2008)
How is this good news? M-B isn't laying anyone off partly because they are contractually prevented from doing so.
Do we cheer the ruinous UAW contracts in the US? Why cheer this one? M-B is in a jobs-bank type corner right now. I hope it turns out for them, but you can bet they aren't cheering about having their hands tied.
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