Investors with a stake in DaimlerChrysler will be pleased to hear that job cuts at its Mercedes Car Group cost less than originally expected. 

According to the company, the cost to cut a total of 9,300 jobs amounted to roughly EUR 840 million, down from the EUR 950 million it was originally expected to total.

DaimlerChrysler board member Guenther Fleig said the company has no plans for further job cuts in Germany and that no further charges are expected from the aforementioned cutbacks; he did however note that production-related jobs are likely to lessen in the future due to rising productivity.

For more info, head over to MarketWatch where you can the full story of Mercedes' job cutting costs.