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Page 10

Big Moves

Mercedes-Benz halts all new investment in its German plants and starts weighing closures, citing labor costs up to 5 times Eastern Europe's ↗

In an interview posted on the company intranet on Nov. 12, Mercedes-Benz executives said the board has decided to stop all further investment in its German sites and will examine "concretely and in detail" which German locations it can still afford, after cost-cutting talks with the works council and the IG Metall union stalled.