May 28th 2012

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DaimlerChrysler casts cloud over Freightliner unit

Published on June 28th, 2001; Published on January 19th, 2011

DaimlerChrysler said Thursday it will cut 1,120 jobs at its U.S. Freightliner truck unit as it struggles to restructure its ailing U.S. Chrysler arm.

Topics :: Freightliner , DaimlerChrysler , North America

The world's No. 5 automaker said the cuts represent about seven per cent of Freightliner's 15,800 strong workforce.

"We will cut 1,120 jobs at four plants in response to the continuing weakness in the truck market (in North America), a DaimlerChrysler spokesman said. The cuts will take place from July to October.

The spokesman said the work force reductions are not part of a Freightliner restructuring program that will be announced in late autumn and could not rule out further cost-cutting measures before that announcement.

In April, DaimlerChrysler said Freightliner's losses dragged its commercial vehicles operations into an operating loss of US$117.4 million during the first quarter.

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