Fri, 26 Jun 2026 11:49:53 GMT
German Auto Crisis: Mercedes Cuts Perks as VW Weighs Massive Job Losses
Mercedes is cutting costs at the expense of its German employees. The automaker is postponing a July bonus payment to next year and wants to increase the 35-hour workweek without raising pay. Management blames uncompetitive labor costs and falling profits, which dropped by 17.2% in Q1. Meanwhile, Volkswagen is facing an even bigger crisis. VW plans to cut 100,000 jobs