DaimlerChrysler management restructuring to cut 6,000

DaimlerChrysler today introduced a new management model intended to further integrate the company's functions, focus operations on core processes, and encourage internal collaboration. The plan also is intended to reduce redundancies and remove management layers. Headcount will be reduced by about 6,000 employees over a three-year span. This represents roughly 20 percent of general and administrative (G&A) staff (30 percent at management levels). These reductions will take place in G&A functions around the world.

The address on the corporate letterhead also will change. The German Board of Management members currently based in Stuttgart-Moehringen will relocate in May 2006, along with their staffs, to Stuttgart-Untertuerkheim, closer to production. This means the DaimlerChrysler headquarters function will be located in Stuttgart-Untertuerkheim and Auburn Hills, Mich. Several support functions and non-G&A functions will stay in Stuttgart-Moehringen.

More information can be found here.