..:: AUTO REPORT AFRICA ::..
Related Articles
Atlanta-based U.S. airline, Delta Air Lines, said it will pay a whopping $1billion to its 85,000 employees as profit-sharing bonus, the second largest in the company’s history following last year’s $1.5 billion payout, according to Business Insider. The bonus, which will be paid in April, represents 10 percent of the gross income of the employees, who will also receive a six percent pay raise in April.
“We are so proud and excited to celebrate on Feb. 14 with all Delta people worldwide, who serve our customers and run the most reliable airline operation in the world,” Business Insider quoted the Delta CEO Ed Bastian as saying in a statement.
In line with the profit-sharing structure of the airline, the sharing plan is structured in a way that employees are returned roughly 10 percent of profits, which can even rise to 20 percent if the company earns more than $2.5 billion a year.
The Delta’s profit sharing initiative has paid the companies employees more than $5 billion over the past five years and the employees have, since 2015, seen their base pay increase by nearly 25 percent.
