УНН Economy ✎ Mercedes-Benz is demanding cost cuts at its German plants and a review of benefits. Otherwise, production could be relocated to Eastern Europe.

Mercedes-Benz management warned that it plans to close one of its plants in Germany and move production to Eastern Europe if employees do not agree to cost-cutting measures. Wirtschaftswoche reports this, citing company sources, with UNN reporting, citing Bild.

According to the publication, management is demanding that employees give up some benefits, including vacation pay and Christmas bonuses, as well as reconsider the 35-hour workweek. Management believes that current conditions are making German plants less competitive amid

  • Buffalox@lemmy.worldEnglish
    11·
    5 hours ago

    IDK if your claim is true you don’t provide any sources for it.
    If it is I agree that sounds very high for a company with a market cap of only 45 billion.

    • B0rax@feddit.orgEnglish
      3·
      4 hours ago

      Sadly I don’t have all the sources right now because I looked it up this morning.

      But here is a source for 5 billion for the year 2023. Here is a source for 3.3 billion for the year 2025

      Here is another source that has multiple years (although I don’t know if it is trustworthy, but the numbers match with the others).

      Also note that in addition to these dividends, mercedes Benz did buy back quite a lot of stock.

      So money is really not an issue here.