© Reuters. FILE PHOTO: The Mercedes Benz star is seen on a new Mercedes-Benz S-Class limousine near Immendingen

BERLIN (Reuters) -Carmaker Daimler (OTC:) is to put up to 18,500 workers in Germany on short-time work due to a global shortage of chips, the company said on Wednesday.

The company’s plants in Bremen and Rastatt would be affected, it said.

“Currently, there is a worldwide supply shortage of certain semiconductor components,” said a spokeswoman. “We continue to play things by ear. The situation is volatile, so it is not possible to make a forecast about the impact,” she said.

The move, which will interrupt production at the factories but allow employees working on special projects to continue, will take effect from April 23 for one week, initially.

Focus Online had originally reported the move, citing dpa news agency.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link