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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.
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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