Mercedes-Benz Threatens German Plant Closure Amid Cost-Cutting Negotiations

Mercedes-Benz is reportedly threatening to close a German factory and relocate production to Eastern Europe if employees do not accept cost-cutting measures. The automaker seeks concessions on holiday pay, bonuses, and work hours, citing declining sales, particularly in China, which impact German plant competitiveness. This move underscores significant labor relations and economic challenges facing the automotive sector.