Daimler has no plans to cut working hours at its largest car plant Sindelfingen, a spokesman said on Tuesday (25 September).

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 at its Mercedes-Benz Cars unit.

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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 EUR1bn (US$1.3bn) 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.

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