Mercedes Aims To Save Several Billions In New Austerity Measure
The Mercedes-Benz Group has reportedly announced that it would implement more stringent cost-cutting measures. EuroNews, citing several articles from German publications like Handelsblatt and Stuttgarter Nachrichten, said that the three-pointed star marque aims to save as much as “several billion euros” per year. The company, however, didn’t officially specify its plans on how to implement its new target. It also didn’t discuss the potential job losses arising from its new strategy. However, the source noted that the company’s German employees will unlikely be impacted immediately by Mercedes’ move. This is due to the automaker’s “Zusi 2030” policy, which protects them from mandatory redundancies until the end of 2029. The agreement… Continue Reading »