Europe@feddit.orgEnglish · 13 hours ago

Mercedes board threatens to close German plants and stop investments in Germany

www.electrive.com

cross-posted to:
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Mercedes board threatens to close German plants and stop investments in Germany

www.electrive.com

schizoidman@lemmy.zip to

Europe@feddit.orgEnglish · 13 hours ago

cross-posted to:
[email protected]

Mercedes board threatens to close German plants and stop investments in Germany - electrive.com

www.electrive.com

Mercedes-Benz is temporarily halting its investments in Germany and putting plants up for sale. The move is a response by management to the protracted

Mercedes wants to get employees in Germany, for example, to work longer hours for the same pay. The automaker wants to eliminate or reduce special payments, such as Christmas and holiday bonuses, as well as annual profit-sharing bonuses. According to Handelsblatt, management aims to save €800 million annually in this way. The board itself also intends to waive parts of its remuneration.

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5 hours ago
How is management contributing to the leaner budget? It surely is as ambitious on realising all those saving potentials int he upper levels as down there, is it?

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