DaimlerChrysler Announces US Staff Cutbacks - Stock Image

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384878 01: DaimlerChrysler Executive Vice President of Manufacturing Gary Henson, left, Ken Levy, vice president of Communications, and Chrysler Group President Dieter Zetsche, right, announce a part of the Chrysler Group's turnaround plan January 29, 2001 at the U.S. corporate offices in Auburn Hills, MI. The Chrysler Group will reduce its U.S. workforce by approximately 20 percent, amounting to the loss of some 26,000 jobs over the course of the next three years. (Photo courtesy of Daimler Chrysler)

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