Daimler braces for questions about job cuts after truck spin-off
(Feb 6): While Daimler AG’s blockbuster breakup plan thrilled investors this week, the Mercedes-Benz maker also prepared for the euphoria failing to filter down to factory floors. Soon after Daimler announced it will spin off its commercial-vehicle unit and list the company separately, managers at the world’s largest heavy-truck plant in Woerth, Germany, and other sites received an emailed set of answers to questions they were likely to get from employees, according to people familiar with the matter. The key points centered around job security, spending cuts and other potential drawba...
Source: theedgemarkets.com