Daimler to cut another 1,500 jobs at Brazil truck plant

Daimler said it was cutting another 1,500 jobs at a trucks plant in Brazil in response to a slump in demand in the country. The affected employees at the Sao Bernardo do Campo factory near Sao Paolo were notified on Friday, a spokesman for Daimler said on Monday. Brazil's truck market has been on the slide since early 2013, as a weak economy, high inflation and tough financing conditions have curbed investments in commercial vehicles.
Daimler has cut about 3,000 jobs in Brazil in that time, shrinking its workforce in the Latin American country to 11,854 by the end of June. It has more than 280,000 employees around the world. Earlier this month, the group said it still had about 2,000 excess workers at the Sao Bernardo do Campo plant, which had been running at less than 60 percent of capacity. Workers had rejected a proposal that offered to avoid job cuts at the plant for a year in return for a 10 percent salary cut, but the Daimler spokesman said negotiations with workers could resume by early September.