Mercedes will completely stop investment in production in Germany.
German industry is facing new challenges. Mercedes intends to completely stop investing in production facilities in Germany and is considering the possibility of closing several plants. At least two factories are under threat.
The company cites high labor costs as one of the reasons: wages for German workers are roughly five times higher than in Eastern Europe. Against this background, the management plans to reduce personnel costs, including through bonuses, bonuses and vacation pay.
The problems go far beyond the automotive industry. According to a survey conducted among German business representatives, 80% of managers expect a stagnation or reduction in production. Half of the chemical industry enterprises are considering a reduction in production output, and a third of the businessmen allow the transfer of production or capital abroad.