Weak demand has Daimler boss mulling cut in work week: Report
The head of German auto maker Daimler, Dieter Zetsche is mulling over shorter working hours to deal with weaker demand.
By Agencies |
FRANKFURT: The head of German auto maker Daimler, Dieter Zetsche said he is mulling shorter working hours to deal with weaker demand.
"Depending on how the situation evolves, an obligatory reduction in working hours could be the next step," Zetsche said.
"We have never known a crisis this serious," he added. "We must constantly adapt our production to the drop in demand.
"There is no point in producing cars if they are going to sit on the lot."
Zetsche said he could "give no indication" regarding possible job cuts.
The group has had to lower its 2009 targets twice in light of a sharp drop in car sales.
Like many German auto makers, Daimler has also extended its annual end of year production pause to five weeks.
"Depending on how the situation evolves, an obligatory reduction in working hours could be the next step," Zetsche said.
"We have never known a crisis this serious," he added. "We must constantly adapt our production to the drop in demand.
"There is no point in producing cars if they are going to sit on the lot."
Zetsche said he could "give no indication" regarding possible job cuts.
The group has had to lower its 2009 targets twice in light of a sharp drop in car sales.
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Like many German auto makers, Daimler has also extended its annual end of year production pause to five weeks.
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