Weakening demand forces the division to reduce the workforce by some 2,000 (of a total of 26,000 employed by Mercedes-Benz trucks) and to reduce annual costs by €400m. The entire division which includes Fuso in Japan and Freightliner in North America, employed almost 80,000 at the end of 2016. This worldwide workforce was reduced by 9% in 2016 as US demand collapsed by 27% to 122,000 units (Nafta: -24% to 146,000).
According to media reports, the above cuts concern the overhead workforces in Ge ....
10 Apr 2017
Truck division to reduce annual costs by €400m
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Truck division to reduce annual costs by €400m
Mercedes-Benz Group AG (MBG:WBO) | 0 0 0.5% | Mkt Cap: 77,349m
- Published:
10 Apr 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
Weakening demand forces the division to reduce the workforce by some 2,000 (of a total of 26,000 employed by Mercedes-Benz trucks) and to reduce annual costs by €400m. The entire division which includes Fuso in Japan and Freightliner in North America, employed almost 80,000 at the end of 2016. This worldwide workforce was reduced by 9% in 2016 as US demand collapsed by 27% to 122,000 units (Nafta: -24% to 146,000).
According to media reports, the above cuts concern the overhead workforces in Ge ....