Truck Maker Plans to Cut 3,500 Jobs in U.S. and Canada

[malachi]

Source: NY Times

OTTAWA — Daimler, the world’s largest maker of heavy vehicles, announced plans on Tuesday to eliminate its Sterling truck brand and shift production from the United States to Mexico, moves that will cut about 3,500 jobs in Canada and the United States.

The head of Daimler Trucks, Andreas Renschler, said that about 88,000 heavy trucks had been idled in the United States since January, a clear indication that the industry was undergoing a significant and perhaps permanent change.

“It would be bad leadership to ignore today’s economic realities,” Mr. Renschler told a conference call for analysts and reporters. “It’s a whole new game now.”

About 1,300 layoffs will come in March when Daimler closes a Sterling factory in St. Thomas, Ontario, according to the Canadian Auto Workers, which represents those employees. About 720 workers at that plant have already been told that they will be laid off next month, when a shift is scheduled to be eliminated.



Read more: http://www.nytimes.com/2008/10/15/business/15truck.html?8au=&emc=au&pagewanted=print

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the hits just keep on comin'. Why anyone would want to be president of a country going down the tubes is beyond me.

[OhioChick]

1. More job loss...

I can't get over how much job loss I'm hearing about lately and it's only just begun.

K&R