The German luxury car manufacturer Mercedes-Benz is allowing very generous compensation to survive the planned job cuts in its administration. So, according to Yahoo Finance, currently employees with long-term contracts are already being offered amounts of more than 500,000 euros (approximately 543,000 US dollars) to convince them to voluntarily leave the company.
The source also recalls that the company's employees are protected from forced layoffs by a guarantee valid until the end of 2034. This means that Mercedes must offer attractive financial incentives in order to be able to cut jobs, which is part of a comprehensive austerity program.
According to Handelsblatt, a 55-year-old group leader with a monthly pre-tax salary of about 9,000 euros and 30 years of work experience in the company can count on a severance package of more than 500,000 euros.
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