Mercedes-Benz affected by global auto market, employee benefits affected

According to reports, the impact of the global auto market downturn and fierce competition in the electric vehicle market has affected the luxury car brand Mercedes-Benz. Mercedes-Benz headquarters has decided to suspend promotions and salary increases for all employees except some management, and plans to lay off employees are also under consideration. This decision is mainly due to the global auto consumer market downturn this year and the fierce competition in the electric vehicle market in China.