🇩🇪 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