HR staff at DaimlerChrysler are facing the axe, after the car maker announced plans to cut 6,000 management jobs over the next three years in a bid to save £1bn per year.
The company, which employs about 160,000 people in Germany and almost 385,000 workers worldwide, said it will cut 20% of its HR, accounting, and strategic planning staff worldwide.
DaimlerChrysler’s Mercedes division is already in the process of eliminating 8,500 workers as it looks to improve its margins.
It is the latest car firm to cut its workforce in a bid to reduce costs. On Monday, Ford said it was shedding 25,000-30,000 manufacturing jobs in North America.