Mercedes-Benz plans to cut personnel costs in Germany by €800 million

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Mercedes-Benz plans to cut personnel costs in Germany by €800 million
Photo: Kim Chandler/AP/TT

These include longer working hours and changes to holiday and Christmas bonuses, sources told the German newspaper Wirtschaftswoche. Mercedes-Benz has not commented on the information.

The German automotive industry is under severe pressure, partly due to reduced demand from China.

Mercedes-Benz said the other day that the company may be forced to close factories if it does not reduce its costs.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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