Daimler Chrysler is Next to Announce Job Cuts

After GM and Ford announced big job cuts, Daimler Chrysler has announced plans of their own to trim the administrative side of their business:

Automaker DaimlerChrysler (DCX) said Tuesday that it would reduce administrative staff by 20 percent over three years, cutting 6,000 jobs and saving some $1.2 billion a year in a bid to make the company more competitive and profitable.

The company said in a statement that the cuts would come in such areas as accounting, auditing, personnel and strategic planning.

The new structure "should improve the company's competitiveness and make further profitable growth possible," DaimlerChrysler said. "The model is based on further integration of the company, focusing operating areas completely on their core functions and advancing cooperation."

The announcement came after a board meeting in Stuttgart.

At the management level, the cuts would amount to 30 percent of personnel, the statement said. The announcement came after a board meeting in Stuttgart.

The article doesn't make it clear how many of the jobs will be lost from U.S. offices.