German FAZ: Mercedes-Benz sometimes pays over 500,000 euros in severance payment 008965

The car manufacturer Mercedes-Benz relies on lush severance payments in the administration. Sums of over 500,000 euros are possible if long -standing employees leave the company, said families who are familiar with the matter. Because employees are protected from dismissals by the end of 2034, the car manufacturer must offer attractive financial incentives to implement the job cuts, the part of a comprehensive savings program. The “Handelsblatt” had previously reported. A group spokeswoman said in Stuttgart that the conditions of the severance payment program were not expressed publicly. “Mercedes-Benz stands for his responsibility towards the employees: We are socially acceptable and fair.” The group offers attractive offers, for example, to continue their own career outside the company or to switch to another phase of life. So far, the DAX company does not provide information on the number of employees who are supposed to leave the group. According to employee representatives, it is about thousands of administrative forces. The severance payment program is only aimed at employees outside of production. There are no allegations that are not operational, the company had agreed with the overall works council. More on the topic of the “Handelsblatt”, a 55-year-old team leader can expect a gross monthly salary of around 9,000 euros and 30 years in the company with a compensation of more than 500,000 euros. A 45-year-old clerk who has been working for Mercedes for 20 years and receives around 7,500 euros gross per month could calculate with more than 300,000 euros. But the sums were a little lower. Mercedes-Benz, according to previous information, plans to save around 5 billion euros by 2027. In order to become more competitive and the company had agreed on an extensive package of measures with the general works council.
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