Mercedes-Benz halts new investment in German plants, considers closures
Detailed summary
The Stuttgart carmaker is temporarily halting all further investment at its German sites. Possible plant closures are looming, increasing pressure on staff, works council and IG Metall. Volkswagen and Audi have also announced major savings programmes.
The future of Mercedes-Benz's production sites in Germany is coming under increasing pressure. Because of high labour costs and stalled talks with the works council and IG Metall, the Stuttgart carmaker is taking action. The management board has decided to suspend all further investment at German sites for the time being. Possible plant closures are now also being considered in more concrete terms.Mercedes puts the brakes on spendingAs bild.de reported on Thursday, HR director Britta Seeger justified the move by pointing to the strained cost situation. The group now has to examine which locations in Germany can still be operated profitably in the long term.
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