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DaimlerChrysler’s supervisory board overruled the objections of union board members to approve a wide-ranging
cost-cutting plan that is rumored to include cutting another 7,500 jobs on top of the 8,500 jobs already on the
block.
Reuters quote a company spokesman as saying, “The board has approved the plan, and it will be implemented,”
leaving little doubt of the company’s resolve.
Union members of the board accused the company of boosting profits on the backs of the workers, but perhaps the worst
is yet to come – Dieter Zetsche, who cut 40,000 jobs during his tenure at Chrysler, will become chief executive of the
Mercedes Car Group at the end of the year.