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Daimler/Chrysler: State Of German Jobs Disputed

Jan. 13, 2005

The pending merger of Chrysler Corp. and Germany's Daimler-Benz AG will create 7,000 jobs this year in Europe, says the new group's boss, Juergen Schrempp. Heartened by a 20% growth in Daimler-Benz earnings between this January and August, the firm will invest US$20 billion in Germany over the next three years, he adds. However, a dissident group of shareholders has a different take on jobs. They fear 100,000 of the company's 400,000 German jobs will disappear.

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