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February 6, 2019

Daimler workers get bonus of almost EUR5,000

Daimler employees will receive a 2018 financial year profit share of up to EUR4,965. The bonus applies roughly to 130,000 entitled tariff-scale employees in Germany, who will receive it with their April pay.

By Olly Wehring

Daimler employees will receive a 2018 financial year profit share of up to EUR4,965. The bonus applies roughly to 130,000 entitled tariff-scale employees in Germany, who will receive it with their April pay.

“Our employees achieved a lot last year and showed untiring commitment day by day. We want to thank them for their outstanding commitment with the profit-sharing bonus”, said Wilfried Porth, human resources and director of labour relations.

Michael Brecht, chairman of the general works council added: “We can always rely on the hard work and dedication of our employees, also in difficult times. The profit-sharing bonus of EUR4,965 rewards this performance and is an appropriate way of saying thank you.”

A profit-sharing scheme for tariff-scale employees has been in place at Daimler since 1997. Calculation of the bonus is regulated in an agreement with the works council on the basis of a formula which links the group profit before interest and taxes (EBIT) with the return on sales. The group operating profit of EUR11.1bn for 2018 was below the EUR14.3bn for 2017. As a result, this year’s profit participation is lower than the EUR5,700 paid out last year.

Daimler Q4 results dented by tariffs

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