Mercedes-Benz proposes 40-hour week as it warns it may close 2 plants in Germany

Mercedes-Benz may close 2 plants in Germany if it cannot reduce labor costs. Management is proposing that employees work 40 hours a week instead of 35, with no increase in pay.

The company expects the extra working hours and other measures to cut its personnel costs in Germany by up to €800 million. Three sources told the publication about the plans.