Mercedes-Benz Reaches Agreement on Strategic Cost Reduction

In a significant move towards financial efficiency, Mercedes-Benz has reportedly finalized a deal with its Works Council, introducing a comprehensive cost-cutting program. This initiative includes a reduction in workforce through voluntary buyouts, a strategy aimed at minimizing the impact on employees by ensuring terminations occur only with mutual consent.

Further measures outlined involve adjustments to wage increases and a new policy requiring the utilization of vacation days in lieu of monetary compensation. Additionally, the company plans to outsource certain administrative functions as part of its broader cost-saving strategy.