Daimler axes 13,000 Chrysler jobs in major overhaul
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DETROIT/FRANKFURT  - DaimlerChrysler announced 13,000 job cuts at Chrysler on Wednesday and may part ways with its loss-making North-American arm, which would unwind a 1998 mega merger creating the world's fifth-biggest car maker.
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Chrysler Group plans to cut 1,000 salaried jobs by the end of June, the first action under a previously announced turnaround plan that targets a total of 13,000 job cuts, the automaker said on Friday.
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German-US auto giant DaimlerChrysler has said that growth of overall group earnings last year was capped by heavy losses at the US subsidiary Chrysler.
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DETROIT -- Chrysler LLC plans temporarily to close four assembly plants and to shut down one shift at another due to the bankruptcy filing of one of its plastic parts suppliers, the automaker said Monday.
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Automaker DaimlerChrysler AG lowered its 2006 operating profit forecast Friday, saying its Chrysler Group expects a $1.52 billion loss in the third quarter, more than double the amount anticipated.
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Chrysler is moving to become less reliant on trucks for profits and more competitive internationally with a portfolio of smaller cars, its top executive said yesterday.
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DaimlerChrysler DCXGn.DE cut its   2006 operating profit forecast by around 1 billion euros ($1.27   billion) on Friday and predicted U.S. arm Chrysler could lose   1.2 billion euros in the third quarter, much worse than it had   first thought.
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FRANKFURT, Germany -- Automaker Daimler AG posted its first quarterly loss since 2003, with charges of $3.7 billion from the sale of Chrysler offsetting big gains by its Mercedes-Benz Car Group.
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DaimlerChrysler AG   could lay off up to 16 percent of the workers in its North American truck operations next year due to an expected downturn in demand, the head of the automaker's truck operations said on Monday.
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IBM Corp. laid off 1,570 people Wednesday, primarily from an ongoing overhaul of operations in its giant technology services unit.
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Automaking giant DaimlerChrysler AG said Thursday it earned 951 million euros ($1.18 billion) in the third quarter on good performances from its financial services division and its U.S. Chrysler arm, rebounding from a 1.7 billion euro loss a year ago when it had a large one-time write-off.
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DaimlerChrysler (DCXGn.DE) cut its  2006 operating profit forecast by around 1 billion euros ($1.27  billion) on Friday and predicted U.S. arm Chrysler could lose  1.2 billion euros in the third quarter, much worse than first  thought.
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LONDON - British aerospace and defence giant BAE Systems announced plans to axe almost 1,400 jobs at 13 sites across Britain, in part due to a declining workload.
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Volkswagen AG is threatening to eliminate 30,000 jobs ahead of next week&#39;s wage talks with unions as Europe&#39;s biggest carmaker seeks cost cuts similar to agreements reached by other German companies, including DaimlerChrysler AG.
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Chrysler Group, the  struggling U.S. arm of DaimlerChrysler AG (DCXGn.DE), on  Wednesday said it would cut 13,000 jobs or 16 percent of its  work force in a bid to return to profitability by 2008.
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The chief executive of DaimlerChrysler  (DCXGn.DE), Dieter Zetsche, said it would be difficult to break  up Chrysler, as analysts and other experts have speculated  recently, due to an integrated production system that binds  together its various brands, The New York Times said.
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Chrysler LLC said on Monday it is offering buyouts of up to $100,000 each to an unidentified number of hourly workers at 12 of its Detroit-area facilities as part of its November plan to eliminate up to 10,000 unionized jobs.