Mercedes-Benz rewards employees with bonuses. How much extra money do they get?

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Mercedes-Benz rewards employees with financial bonuses for financial year 2019. They are set to receive profit-sharing bonus of up to 597 euros.

A one-time appreciation bonus of up to 500 euros is added, to reward the employees after a challenging year in the automotive industry. The decision has been made by the Board of Management and the General Works Council. Approximately 130,000 people are eligible for the financial rewards. The extra money will be offered 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.

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

Daimler has been applying a profit-sharing scheme for tariff-scale employees since 1997. Every year, it is settled in an agreement with the General Works Council and calculated by a formula, which links the profit of Mercedes-Benz, Mercedes-Benz Vans and Daimler Trucks before interest and taxes with the return on sales.

The premium car maker’s operating profit of 4.3 billion euros for 2019 is below the operating profit of 11.1 billion euro