Net profit for full year 2019 may have fallen 64% but Daimler employees nonetheless will see a bonus in their pay packets.
Around 130,000 workers will receive a profit share of up to EUR597 and a one-time 'appreciation' bonus of up to EUR500, the automaker said in a statement.
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The bonus, agreed between the Daimler management board and general works council, will be paid in April.
"2019 has been challenging and required particular efforts from our employees. We want to honour their extraordinary commitment of the past year with a one time appreciation bonus," said human resources chief Wilfried Porth.
Works council chairman Michael Brecht said: "We are aware that many of our colleagues had to work with high tension and under difficult conditions this past year. Therefore, we have jointly agreed to pay an additional one time appreciation bonus. We are grateful for everyone's exceptional performance and commitment."
Daimler has operated profit sharing since 1997.
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By GlobalDataThe bonus is calculated using a formula which links the profit of Mercedes-Benz, Mercedes-Benz Vans and Daimler Trucks before interest and taxes (EBIT) with the return on sales.
The 2019 operating profit (EBIT) of EUR4.3bn was 61% below 2018's EUR11.1bn so the 2019 bonus is consequently much lower than the EUR4,965 paid out for 2018.
