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
They sold their soul in China for short term profit.
They never had a long term plan, they just saw the profit they were making in China, given away their technology advantage.
So this is solely the management to be blamed for.
During Covid they were making record profits, due to the state paying the employees.
I worked 5 years for Mercedes and over 10 years in German car industry.
They always kept laughing at Tesla and Chinese cheap EVs, now look were they are. No one wants the Mercedes expensive EVs...