US EditionMercedes cancels salary increase and home office for executives
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8 Articles
Before considering possible staff cuts, Mercedes-Benz is cutting back on management personnel. Managers will also have to forego working from home.
The German carmaker Mercedes-Benz will cancel salary increases for its managers in the coming year. They will also no longer be allowed to work from home in the future, a spokesperson said. Overall, you would have to “become an even leaner company.” The aim is to reduce personnel costs, according to a letter to managers from the beginning of December. “We are constantly reviewing our positioning.” Mercedes-Benz must become even more weatherproof…
The crisis affecting German car manufacturers is also forcing Mercedes-Benz to make savings: managers will not receive a salary increase in 2025. The company is also eliminating home office options for executives.
The crisis affecting German car manufacturers is hitting Mercedes – including its management. Managers will not receive a pay rise in 2025 and will have to be in the office five days a week.
As Manager Magazin reported on Friday, Mercedes is planning savings of around five billion euros by 2027. Half of this amount is to be achieved by the end of 2025. The company did not provide any concrete details about the measures.The article Cost-cutting measures shake Mercedes: Are 20,000 jobs now at risk? first appeared on Tichys Einblick.
Mercedes CEO Ola Källenius wants to save around 5 billion euros by 2027. The company's executives are also expected to do their part.
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