STUTTGART, Germany, Sept 25 Daimler
has no plans to cut working hours at its largest car plant
Sindelfingen, a spokesman for the German luxury carmaker said on
A person familiar with the situation had told Reuters on
Monday Daimler was planning to cut production at Sindelfingen,
as deteriorating markets in Europe and China hit sales of its
Mercedes-Benz cars unit.
Labour representatives and management are currently
negotiating shift plans, the person told Reuters.
After warning last week on profits at Mercedes, Daimler said
it would come up with a cost savings programme, which sources
had told Reuters would total over 1 billion euros ($1.3 billion)
but not include job cuts.
Daimler's CEO Dieter Zetsche said at the time the group was
gearing up for a "challenging environment" in Europe and China.
(Reporting by Hendrik Sackmann; writing by Ludwig Burger)