DAIMLER-BENZ Aerospace (DASA) is to reveal a drastic cost-cutting programme in October, which could include thousands more job cuts. The "Dolores" programme is a reaction to the collapse of the US dollar, which has left DASA facing another year of heavy losses.
The plan, aimed at savings of around DM2 billion ($1.4 billion), is expected to include wage cuts, the return to a 40-hour working week and up to 20,000 job cuts. The cuts would come on top of a programme for 16,000 redundancies, put in hand in 1993 and running through to the end of 1996.
Source: Flight International