November 25, 2008

DEVELOPED COUNTRIES DON'T ASSEMBLE PARTS:

German Auto Industry Facing the Abyss: More than 1.5 million workers in Germany depend on the automobile industry for their jobs. But that industry is now facing one of its worst crises ever. Respected giants BMW and Mercedes are particularly exposed as sales plummet. (Dietmar Hawranek, 11/25/08, Der Spiegel)

According to Dieter Zetsche, the CEO of Daimler, there are those in the industry who believe that "up to 100,000 jobs will be lost in the German auto industry in the next 10 years." Some, says Zetsche, are even suggesting that this is "the worst crisis since World War II."

The Daimler CEO has already concluded that Mercedes-Benz will produce more than 150,000 fewer cars than planned in 2009. Management is negotiating with labor representatives over the possibility of Mercedes reducing the workweek to 30 hours, with a corresponding wage cut for workers, or introducing part-time work at the company. Daimler may have to cut several thousand jobs. How many?


All. That's what the Third World is for.

Posted by Orrin Judd at November 25, 2008 1:16 PM
blog comments powered by Disqus
« A TAD SLOW ON THE UPTAKE, GANG: | Main | FIRST, DO NO SEARCH: »