Amid financial struggles, Mercedes-Benz has initiated a plan to streamline its workforce by offering substantial severance packages to employees who choose to leave voluntarily. Reports indicate that a middle manager with three decades of service could receive a severance package exceeding RMB 4 million, whereas factory workers in their thirties can anticipate approximately RMB 800,000. This strategic move aims to mitigate expenses amidst challenges including declining revenue, slumping sales in the Chinese market, and reduced electric vehicle deliveries. By downsizing and enhancing efficiency through layoffs, Mercedes-Benz aims to bolster its competitive edge.
