Mercedes employees receive a bonus of up to 7,300 euros

Rand 93,000 employees from Mercedes Benz in Germany can look forward to a record share of profits. The carmaker pays the employees a bonus of up to 7300 euros, the company announced on Friday in Stuttgart. In the previous year the premium was 6000 euros. The money is to be transferred with the April fee.

“With the highest profit sharing in the company’s history, we would like to thank them for their outstanding commitment and personal commitment,” said Sabine Kohleisen, Head of Human Resources, according to the announcement. A lot was demanded of the workforce under difficult conditions, said the chairman of the general works council, Ergun Lümali. With the bonus the employees would “participate appropriately in the success of the company”.

Both sides had also agreed on a new calculation from the current financial year. The calculation logic will be standardized with the existing system for executives, it said. In this way, the participation of all groups of employees will be geared even more towards the achievement of the company’s goals. A spokeswoman said that the previous premium cap of EUR 6,465 was no longer valid.

Mercedes intends to present figures for the 2022 financial year in mid-February. Despite the uncertain economic situation, the carmaker was able to continue to rely on high sales prices in the past year and again raised its outlook for the full year in October.

For the year 2020, the group, which was still called Daimler at the time, actually wanted to forgo the profit-sharing scheme, but subsequently paid a share of 500 euros. There was also a corona bonus. The bonus for 2019 was also rather measly at 597 euros plus a “recognition bonus” of 500 euros. In the years up to 2018, amounts in the order of 5000 euros had been paid.