Daimler Rewards Employees For Financial Year 2019

Must Read

Sanwo-Olu Commissions 264 Units of Flats in Lekki (Photos)

"We Will Build Affordable Houses For Lagosians-Sanwo-Olu" ...Project is a successful public-private collaboration- Commissioner The Lagos State Governor Mr. Babajide Olusola...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
Daimler Rewards Employees For Financial Year 2019Daimler Rewards Employees For Financial Year 2019

The automotive industry is changing: despite challenging conditions, Daimler participates its employees in the financial year 2019 with a profit-share of up to 597 euros and a one-time appreciation bonus of up to 500 euros. This the Board of Management and the General Works Council agreed on. The bonus applies roughly to 130,000 eligible tariff-scale employees in Germany, who will receive it with their April pay.

“2019 has been challenging and required particular efforts from our employees. We want to honor their extraordinary commitment of the past year with a one-time appreciation bonus”, says Wilfried Porth, Member of the Board of Management of Daimler AG responsible for Human Resources and Director of Labor Relations & Mercedes-Benz Vans. 

Michael Brecht, Chairman of the General Works Council at Daimler AG: “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.” 

A profit-sharing scheme for tariff-scale employees exists at Daimler since 1997. Calculation of the profit-sharing bonus at Daimler is settled in an agreement with the General Works Council. The profit-sharing bonus is calculated by 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. After the implementation of Project Future, there is still a consistent and joint profit sharing for the employees of Daimler AG, Mercedes-Benz AG, Daimler Truck AG and Daimler Brand & IP Management GmbH & Co. KG.

Read Also:  Orange Bank Moves Into Lending Market, Confirms Expansion In Africa
- Advertisement -

The operating profit of 4.3 billion euros for 2019 is below the operating profit of 11.1 billion euros for 2018. As a result, this year’s profit participation is lower than the bonus of 4,965 euros paid out last year.

- Advertisement -
Daimler Rewards Employees For Financial Year 2019Daimler Rewards Employees For Financial Year 2019

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Daimler Rewards Employees For Financial Year 2019Daimler Rewards Employees For Financial Year 2019

Latest News

Jaiz Bank Boosts SMES Through FOREX

Jaiz Bank Plc, the premier non-interest bank in Nigeria has resumed selling of foreign exchange to operators of Small...

LASG Begins Periodic Fumigation of Ministries and Agencies

As part of continuing measures to control the spread of Coronavirus, the Lagos State Government has commenced the periodic disinfection of its Ministries, Departments...

EQUITIES MARKET: NSE ASI Rises Marginally by 0.25% as the Rally in Crude Oil Prices Slows

In the just concluded week, the Lagos bourse revved, howbeit mildly, to close in green territory as rally in crude oil prices market slowed....

Oil Prices Slide As U.S.-China Tensions Spike – Report

OilPrice.com Oil prices have held onto the gains from the last few weeks, but the recent rally seems to have stalled as demand shows signs...

CBN approves relief on OFI loans

The Central Bank of Nigeria has approved moratoriums on CBN facilities managed by Other Financial Institutions (OFIs). It reduced the interest rates on these...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Daimler Rewards Employees For Financial Year 2019Daimler Rewards Employees For Financial Year 2019