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Mercedes-Benz: Workforce Cuts in China for Competitiveness
Published 1 year, 3 months ago
Description
Mercedes-Benz is reducing its workforce in China by about 15%, mainly in the sales and finance sectors, in response to an increasingly competitive market. This decision aims to improve operational efficiency and competitiveness in the context of the automotive industry's transformation. The growing competition from Chinese electric vehicle manufacturers and more favorable local financing offers are eroding Mercedes-Benz's market share.