Mercedes-Benz plans to cut 25% of workforce costs in China by 2027, source says
Mercedes-Benz is cutting jobs in China to achieve its goal of reducing by a quarter workforce costs in its biggest market by 2027, a person with direct knowledge of the matter said.
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The German luxury carmaker announced further cost-cutting globally as it warned last week that 2025 earnings would be significantly lower amid bruising price competition in China and rising global trade tensions.
Mercedes told staff at its sales and finance subsidiaries in China on Tuesday that it would let go about 10% to 15% of employees in these units, said the source, declining to be named as the person is not authorised to speak to media.
The company is also planning similar job cuts at other functional departments such as IT service and legal teams later this year, said the source.
It has around 5,000 employees in China including 2,000 in the research and development division, which will not be impacted by the staff reduction, the person said.
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