17 Hrs
 قناة المنار
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قناة المنار

2026-11-13T06:00:32.000Z

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Mercedes weighs closures

Mercedes weighs closures

On November 13, 2026, Mercedes-Benz announced a freeze on any further investment at its German sites and began considering closing some factories if costs were not reduced, amid Chinese competition and rising expenses. The decision followed stalled negotiations with the unions. IG Metall is demanding a 5% pay rise, which the company described as excessive. Mercedes had cut its profit forecast to €5.8 billion, after previously predicting an increase of at least 15%.

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