Morning Briefing: Why Mercedes No Longer Believes in Germany
The world's oldest car manufacturer is threatening to pull out of its home country. What sounds a bit like blackmail has good, well-calculated reasons.
Mercedes has announced it will halt all investments in Germany, citing economic pressures. The move includes the closure of entire factories in the country and significant relocation of operations abroad. The decision comes amid management errors, sales weakness, US tariffs, and a decline in China business, which have put the company under strain.
Mercedes aims to have employees work 38 hours a week at the same pay, rather than 35, and is also considering changes to Christmas and vacation bonuses, as well as profit-sharing, in order to save €800 million annually.
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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- Morning Briefing Podcast: Why Mercedes No Longer Believes in Germany handelsblatt.com
