500.000 € Mercedes Generosity upon resignation

Generous Severance Payments at Mercedes-BenzMercedes-Benz is implementing a substantial severance payment program to facilitate workforce reduction, with potential payouts exceeding €500,000 for long-term employees who voluntarily resign. Reports indicate that a 55-year-old team leader with 30 years at the company could receive this maximum amount, while a 45-year-old employee with 20 years could expect over €300,000.This offer is time-sensitive, available only from April to July, as part of a broader cost-saving initiative aiming for €5 billion annually by 2027. Approximately 30,000 employees are eligible, although the program targets non-production staff, with key personnel retained. Notably, severance payments are subject to income tax, potentially resulting in significant deductions for employees.