News
About 4,000 Mercedes-Benz Employees Received Severance Pay After Leaving
About 4,000 workers left “Mercedes” with severance pay, some of whom received more than half a million euros to leave the company, writes the “Handelsblatt” newspaper.
Mercedes launched a severance payment plan in April, and everyone in the company is covered—office staff, IT specialists, engineers, and even middle-level managers.
Some workers received a so-called turbobonus for a quick decision to leave the company. Long-time employees reportedly received six-figure sums in such cases.
For example, a fifty-five-year-old team leader, with three decades of experience in the company and a monthly salary of around 9,000 euros, received 540,000 euros to leave.
Even mid-career employees reportedly walked away with severance pay of €100,000 or more, depending on grade and length of service.
No matter how large these sums seem, it is worth it to “Mercedes,” because in the end it will save several billion euros, and this solution is certainly better than “messy” delivery of resignations, writes “Handelsblatt.”
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