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Mercedes-Benz To Slash 25% Of Office-based Job Costs In China

Allwork

Mercedes-Benz is cutting 10-15% of sales and finance jobs in China and plans to reduce costs for office-based roles by a quarter in the country by 2027, a person with direct knowledge of the matter said. The German luxury carmaker is cutting costs globally and warned last week that 2025 earnings would fall sharply from last year.

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U.K. Manufacturing Index Sends Mixed Signals As Jobs Hit Lowest In 5 Years While Optimism Rose

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The rise in National Insurance Contributions – announced by finance minister Rachel Reeves last October to help pay for more public services and investment – takes effect on April 1. Firms told S&P Global that suppliers were putting up their prices ahead of the change.

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The circular economy is a great opportunity, but it doesn’t add up yet

Workplace Insight

Manufacturers and suppliers are arguably challenged by lack of clarity, requirements for significant investment, combined with cost pressures in a heavily subscribed market. The key benefit is that the occupier’s risk of redundant products is retained by the supplier. But what are the priorities?

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Boeing Workers Reject Contract Offer, Prolonging Costly Strike

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Boeing factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to new CEO Kelly Ortberg’s plan to shore up the finances of the struggling planemaker. It’s bad news for everybody — Boeing, labor, suppliers, customers, even the national economy.”

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Boeing Workers Vote On Wage Agreement That May Resolve Strike

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13 comes at a critical moment for the company, which last week announced a $24-billion share issue to shore up its finances after the strike halted production of its cash-cow 737 MAX jet. Boeing’s fourth offer since a strike started on Sept.

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Volkswagen To Close Factories, Lay Off 10,000+ Workers In Germany

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Volkswagen also plans to cut salaries at the brand by at least 10% and freeze pay in both 2025 and 2026, Cavallo said. Scholz and his Finance Minister Christian Lindner are both hosting separate business summits on Tuesday while Economy Minister Robert Habeck last week floated a major plan to stimulate investment. “I