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Mercedes sees mass voluntary departures with huge severance pay
Summary by Financial World
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1 Articles
Mercedes sees mass voluntary departures with huge severance pay
The German car manufacturer Mercedes-Benz is currently implementing one of the largest voluntary departure programs in the auto industry in recent years. According to information from Handelsblatt, about 4,000 workers who accepted severance pay have left the company so far; it is significantly more than the management expected. This plan is part of a wider savings strategy by which CEO Ola Källenius wants to reduce costs by five billion euros by…
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