Mercedes-Benz Launches Voluntary Severance Program with Payouts Up to €500,000

The initiative targets administrative staff as part of a €5 billion cost-saving plan, ensuring no forced layoffs under employment guarantees until 2034.

• Mercedes-Benz has introduced a voluntary severance program for administrative employees, offering payouts of up to €500,000 for long-term staff.
• The program is part of a broader strategy to save €5 billion by 2027, aimed at streamlining operations in a competitive automotive market.
• Employees are protected from layoffs until 2034, requiring the company to offer attractive financial incentives for voluntary departures.
• Examples of severance packages include over €500,000 for a 55-year-old team leader with 30 years of service and over €300,000 for a 45-year-old administrative worker with 20 years of service.
• Details of the program are now accessible via the company’s intranet, with the initiative set to officially begin in April 2025.

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