3 of 6
BACKNEXT
Mercedes-Benz USA
Mercedes-Benz USA
Best Companies rank: 49

As its larger American competitors were buckling under the force of the recession, the U.S. division of the German automaker was able to survive the ordeal without laying off any of its 1,612 employees.

While Mercedes faced the same challenges as the Big Three, the company hunkered down and cut costs by eliminating non-essential travel, reducing temporary staff and placing controls on overtime. When management discovered that further cost reductions were unavoidable, the CEO and executive team (28 people total) accepted pay cuts. The tough choices paid off, resulting in a 10% total reduction of labor costs from mid-2009 to year end.

The new company philosophy: "If it isn't adding to our core business, then we aren't going to waste time doing it." The end product is a far more efficient carmaker.

NEXT: S.C. Johnson & Son
Last updated January 29 2010: 10:35 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Top 100 There's a new No. 1 in town: tech powerhouse SAS. Yes, even in a tough job market, some employers are doling out perks. Meet this year's winners. More
They're hiring! These 22 Best Companies to Work For have at least 500 openings each, totaling more than 87,750 jobs. What are they looking for? More
25 top-paying companies Senior account execs at Salesforce.com take home an average $249,607 total compensation annually. Who else offers big paychecks? More