Car manufacturer: Mercedes is not only cutting jobs in administration and development - this is how high the severance payments are
The Dax group already offers severance payments in two areas. A Handelsblatt investigation shows: Voluntary programs are also running in factories. Sample calculations show the details.
Mercedes-Benz is using voluntary redundancy programs to cut staff in parts of its production, specifically at its Stuttgart-Untertürkheim and Berlin component plants. The programs, which started in September and will run until November, offer employees six-figure sums to leave the company. This is part of Mercedes' efforts to reduce personnel costs under its "Next Level Performance" savings program, which aims to cut costs in production, materials, and staffing.
The company has been struggling with declining sales and profits due to factors including weak demand in China and US tariffs.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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