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Mario Nawfal
@MarioNawfal
Largest Show on X (Live Daily 10am-8pm ET) | 24x7 Writers Covering News | Investor 700+ Startups | Founder @ibcgroupio ,
Joined October 2020
51.7K Following    4M Followers
🇩🇪 Mercedes-Benz is stopping all new investments in Germany and considering closing factories. The problem? Building cars in Germany has become too expensive, and the company can't agree with unions on how to cut labor costs. Management has been pushing for months to bring those costs down, even warning in September that two factories could shut if nothing changed. Now that possibility is getting more serious. Mercedes says it wants to avoid closing factories, but without a deal on costs, it's running out of options. Source: Reuters / Writer: Daniyal
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