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Business · 13 minutes ago

Mercedes stops all investment in German plants, may close some

Mercedes stops all investment in German plants, may close some

Photo by Jim Fawns on Pexels

Mercedes-Benz has been unable to reach an accord with its employee representatives and trade unions regarding reductions in labour expenses, leading to a halt in expenditure at its German facilities. Production chief Michael Schiebe had already warned staff in September that two plants could close without progress.

Reported by timeslive.co.za · How we write briefs

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