Mercedes Targets €800 Million in Labor Savings as Two German Plants Hang in the Balance

Mercedes weighs €800m labour cost cuts in Germany, report says

Berlin: Mercedes-Benz is aiming to cut around €800 million in labour costs in Germany, according to a report by German business publication WirtschaftsWoche, which cited three people familiar with the matter.The report said the carmaker is considering a number of options, including increasing working hours without additional pay, adjusting holiday and Christmas bonuses, or eliminating certain special payments.Mercedes-Benz declined to comment on…

Mercedes has threatened to close factories if employees don't work anymore

Mercedes has threatened to close factories if employees don't work anymore.Mercedes-Benz may close two factories in Germany if it fails to reduce staff costs, writes the German business magazine WirtschaftsWoche.The carmaker's management...

Mercedes Targets €800 Million in Labor Savings as Two German Plants Hang in the Balance

Luxury-leaning automaker Mercedes intends to cut as much as €800 million from its labor costs in Germany. Three peeps familiar with the subject confirmed the figure to WirtschaftsWoche, and the number explains the tone production chief Michael Schiebe took at a works meeting in Sindelfingen. In a decisive way, Schiebe made it clear that Mercedes has to trim costs in Germany or close two plants. He didn't name the fa... (continue reading...)