“Mercedes-Benz” considers leaving its home country: Factories may close

German automotive giant Mercedes-Benz is considering halting new investments in its production facilities in Germany and closing some of its factories.

TodayPress TV reports that “Reuters” published the information.

According to the report, the company has decided to freeze new investments in German production after its management failed to reach an agreement with the works council and trade union representatives on reducing labour costs.

The company noted that the cost of one working hour at some of its facilities in Germany is five times higher than at its plants in Eastern Europe.

Against this backdrop, Mercedes-Benz is reassessing the future of its production facilities in Germany.

Kubra Musayeva