More likely, it'll be $100Mil split between executives, and about $200 each to everyone else.
Daimler paying all 260,000 employees a 125th anniversary bonus
Filed under: Mercedes-Benz
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January 29 is a big date in the history of Daimler. On that fateful day back in 1886, Carl Benz filed his patent for the world's first automobile powered by an internal combustion engine. Thus, January 29 a date worth celebrating, and Daimler management seems to agree.
The Detroit News reports that Daimler will pay out 125 million euros ($170 million in United States currency) in bonus money to the company's 260,000 employees. Split evenly, our math tells us that workers stand to gain about €480 (about $659) each, provided that the employee has been with the company for at least one year. Other reports, however, have stated that each person's bonus could be as high as €1,000, or about $1,360 based on current exchange rates.
Regardless of the exact dollar figure, Daimler workers will indeed be happy to receive an extra bonus this year. What's more, Daimler has reportedly worked out a deal with its employee council to shell out 3,125 euros ($4,315 USD) in bonus money for a successful 2010, so this year's bonus earnings could be even higher.
[Source: The Detroit News | Image: Torsten Silz/AFP/Getty Images]Daimler paying all 260,000 employees a 125th anniversary bonus originally appeared on Autoblog on Fri, 28 Jan 2011 14:32:00 EST. Please see our terms for use of feeds.
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January 29 is a big date in the history of Daimler. On that fateful day back in 1886, Carl Benz filed his patent for the world's first automobile powered by an internal combustion engine. Thus, January 29 a date worth celebrating, and Daimler management seems to agree.
The Detroit News reports that Daimler will pay out 125 million euros ($170 million in United States currency) in bonus money to the company's 260,000 employees. Split evenly, our math tells us that workers stand to gain about €480 (about $659) each, provided that the employee has been with the company for at least one year. Other reports, however, have stated that each person's bonus could be as high as €1,000, or about $1,360 based on current exchange rates.
Regardless of the exact dollar figure, Daimler workers will indeed be happy to receive an extra bonus this year. What's more, Daimler has reportedly worked out a deal with its employee council to shell out 3,125 euros ($4,315 USD) in bonus money for a successful 2010, so this year's bonus earnings could be even higher.
[Source: The Detroit News | Image: Torsten Silz/AFP/Getty Images]Daimler paying all 260,000 employees a 125th anniversary bonus originally appeared on Autoblog on Fri, 28 Jan 2011 14:32:00 EST. Please see our terms for use of feeds.
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