Mercedes Benz Starts Downsizing in Brazil
The Brazilian based factory in Sao Bernando do Campo which primarily focuses on manufacturing of trucks and busses has experienced extreme losses of profits during the declining market state of brazil leading to the current offering of the equivalent of $31,000USD to sign up for the voluntary layoff of 1,400 individuals.
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SÃO PAULO — Mercedes-Benz, a unit of Daimler AG, kicked off a voluntary layoff program to cut a total of 1,400 jobs in Brazil, amid reduced sales of trucks and buses.
The company, which has four units across Brazil, said that the layoff program will take place at its unit in São Bernardo do Campo in São Paulo state, where there is a total of around 9,000 employees. This reduction represents about 15.5% of that unit’s workforce.
The layoffs will take place until Aug. 31 and the company will offer a one-time payment of 100,000 reais ($31,000) per employee registered in the program, regardless of seniority and age, Mercedes said in a statement. Continue Reading