Daimler Trucks to cut more jobs in Brazil

miércoles 8 de junio de 2016 08:42 GYT

* Daimler eyes shorter assembly times, smaller portfolio

* 2,000 jobs in Brazil will be cut

* More job losses seen in U.S., Mexico if demand keeps falling

* Trucks' profit margin will slip below 2015's 7.3 pct

STUTTGART, Germany, June 8 (Reuters) - Daimler's truck division is to cut a further 2,000 jobs in Brazil on top of the 1,240 cuts in the United States and Mexico which it announced on Tuesday, as it seeks to cope with weak markets in the region.

Daimler Trucks Chief Executive Wolfgang Bernhard told an investors conference near Stuttgart the 2,000 jobs will be axed in Brazil at a cost of about 100 million euros ($114 million) in severance payments, raising the number of jobs it has cut in Latin America's biggest economy to almost 5,000 since last year.

He also said he would not rule out further layoffs in the United States should the truck market there shrink by more than the expected 15 percent this year.

Daimler Trucks currently employs 13,700 workers in the United States and about 11,500 in Brazil, a spokeswoman said.

Daimler last month warned that sales and profits at the trucks division would fall significantly in 2016 due to weaker demand in the United States and Brazil.   Continuación...