Mexican Media Brands
Mercedes Seeks Voluntary Layoffs in Brazil as Truck Sales Slump
Daimler AG’s Mercedes-Benz unit hopes to trim 1,400 jobs at its truck plant in Sao Bernardo do Campo, Brazil, as sales continue to slump.
#labor
Share
Daimler AG’s Mercedes-Benz unit hopes to trim 1,400 jobs at its truck plant in Sao Bernardo do Campo, Brazil, as sales continue to slump. The target represents 16% of the company’s workforce in the country.
The voluntary program will offer Mercedes workers a one-time payment of 100,000 reais ($31,000) regardless of age or seniority, The Wall Street Journal reports. The offer is set to expire at the end of August.
Mercedes commercial vehicle sales in Brazil were down 23% for trucks and 28% for buses in January-July, according to the Journal. It notes that Brazil’s economy contracted by nearly 4% in 2015, and economists expect an additional 3% shrinkage this year. The slowdown has dampened business investment in big-ticket items such as commercial vehicles.
Overall vehicle sales in Brazil were down 25% through the first seven months of the year, according to automotive trade group ANFAVEA.
RELATED CONTENT
-
Japanese Models Top “Most-American” List
The five most “American” models sold in the U.S. in terms of local content and labor all carry Japanese brands, says Cars.com.
-
GM Offers Buyouts to 18,000 Salaried Workers
General Motors Co. is launching a new round of buyouts for about 18,000 of its 50,000 white-collar employees in North America.
-
GM, PSA Execs Rush to Build Support for Opel Sale
Top executives from General Motors Co. and PSA Group are scrambling to build support among alarmed European government and labor leaders for a plan to integrate GM’s Opel unit with PSA.