Wednesday, February 14, 2007

DaimlerChrysler Cutting 10,000 Jobs

    10,000 hourly workers at DaimlerChrysler AG  are about to get pink slipped so that the company can cut cost in order to stay competitive. Daimler is trying to save around $2 billion by knocking off these employees plus it is possible that another 1,000 to 1,500 salaried folks could see the un-employment line also.

   Maybe if the American automobile manufacturers learned how to build a car that could compete with Toyota or Honda, they wouldn't have to do this kind of crap. Not that I like either of these cars, but American makers are getting their asses kicked when it comes to building a car of any value and they have been slow to respond in kind.

   I'm just wondering how much the CEO's bonus will be for these cost cutting measures?


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