DaimlerChrysler AG will cut 6,000 administrative jobs, or one-fifth of its worldwide total, to save more than $1 billion a year and make the automaker leaner and simpler to run, the company said Tuesday.
The streamlining, most of which would occur in Germany, would help boost growth and profits, and focus the company more closely on core production activities. Administrative staff would be cut 20 percent over three years, saving some $1.2 billion a year. The cuts would cover areas such as accounting, auditing, personnel and strategic planning.
