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Daimler AG is continuing its tradition of rewarding employees for their contributions towards the success of the company as spelt out in Daimler’s profit-sharing scheme as jointly agreed by the Board of Management and the General Works Council.
The scheme has been in place at Daimler since 1997 and the profit-sharing bonus is normally calculated on the basis of a formula which links the Group profit before interest and taxes (EBIT) with the return on sales.
Daimler AG is one of the world’s most successful automotive companies and is made up of five divisions, namely Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services.
For their contributions to a successful business year in 2016, each of the roughly 130,000 entitled tariff-scale employees in Germany will smile home with 5,400 euros bonus to be paid along with their April salaries.
With the Daimler Group’s operating profit of 12.9 billion euros for 2016 being lower than the 2015 figure of 13.2 billion euros, this year’s profit-sharing bonus is therefore slightly lower than last year’s bonus of 5.650 euros.
However, it represents the second-highest bonus in the company’s history, according to Daimler.
Member of the Board of Management of Daimler AG responsible for Human Resources and Director of Labor Relations, IT & Mercedes-Benz Vans, Wilfried Porth, explained that the bonus payment is a way of appreciating the efforts of the employees.
“Our employees are the key to our success and our performance in 2016. A committed and excellently trained workforce is essential to our long-term success as a company. The bonus is our way of thanking our employees for their dedication and their outstanding performance. Together, we achieved a lot, ” Porth said.
This is as Chairman of the General Works Council at Daimler AG, Michael Brecht, added : “Throughout the company, the colleagues showed an incredible performance, as the company’s figures clearly indicate. The reward for this great success for the workforce is well deserved. An important strategic aim of the General Works Council is achieved: The employees benefit from the year-end results and the gains in efficiency.”
