Daimler gives big bonus to employees thanks to 2015 success
Ryan Joseph Ramos February 4, 2016
Daimler Annual Press Conference, Stuttgart February 4, 2016
Daimler AG, parent company of Mercedes-Benz, is sharing its success with its employees. The company will give the highest recorded profit-sharing bonus in company history to employees, thanks to a hugely successful 2015 financial year.
The sheer number of employees expected to qualify for bonuses are estimated at around 125,000 in Germany, to be credited in the employees’ respective April paychecks.
“Our employees are our key to success,” said Wilfried Porth, the Daimler board member in charge of Human Resources as well as the director of Labor Relations, IT, and Mercedes-Benz Vans. “With our profit-sharing bonus we reward the outstanding performance of our employees in 2015.”
That sounds great, of course, but there’s always a caveat. The profit-share bonus goes up to €5,650, but don’t get excited as that’s the max for qualified employees, which is up from €4,350 from last year. Still, a bonus is a bonus, and if the max payout increased, then the lower tiers for qualified tariff-scale personnel should increase, too.
The formula for the calculation of the profit-share bonus links the company’s EBIT as well as return on sales. The calculation is then to be agreed upon by Daimler’s board as well as the General Works Council.
Daimler’s profit-sharing bonus has been implemented since 1997.
General Works Council chair Michael Brecht noted that the company’s numbers clearly show the outstanding performance of staff in the past fiscal year, and the bonus is a just reward for the employees’ contribution to Daimler’s overall success.
