Business
CROSS-SPECTRUM
Mercedes-Benz seeks €800 million reduction in German labour costs
Mercedes-Benz is exploring measures to slash €800 million in labour expenses in Germany, including longer work hours and cuts to bonuses.
The automaker is weighing several options to achieve the €800 million savings, such as extending working hours without extra pay, revising holiday and Christmas bonuses, or removing special payments. The plan is being discussed internally, and the company has not provided a comment to inquiries. Sources familiar with the discussions disclosed the details to a business news outlet.
Why it matters
The cost cuts could affect thousands of German workers and signal tighter profit margins for the automaker.
In this story
Mercedes-Benzlabour costsGermany€800 millionworking hoursbonusescost reductionGerman workforce
