There is expectation that the world's fifth-biggest carmaker, DaimlerChrysler, will announce more job cuts, especially at headquarters near Stuttgart, to hone its competitive edge. Sources indicate that DaimlerChrysler aims to reduce headcount in Germany by around 16,500 by the end of 2008, including 8,500 jobs it has already announced will go at premium brand Mercedes-Benz.
See "DaimlerChrysler Gains on Talk on More Job Cuts", Reuters, The New York Times, January 23, 2006