According to a report from Autonews, due to the fact that Daimler is facing the need to cut labor costs, the firm's management and union took the decision to withhold the €224.2 million euro profit-sharing bonus that it had planned to pay out to workers. The company has yet to decided what it will do with the money.
Among the three premium German automakers, the only company that will share part of its 2008 profits with workers is Audi as BMW and Mercedes-Benz's parent company Daimler decided not to pay a profit-sharing bonus for 2008. Audi AG will hand out €157 million from last year's record operating profit of €2.77 billion (+2.5% compared to 2007) to around 43,000 of its qualifying employees in Ingolstadt and Neckarsulm. That comes to an average of €3,651 or about $5,100 US for each employee that will receive the bonus by the end of May.
ADFLY
Sunday, December 13, 2009
Audi to Pay Workers Hefty Bonus for 2008, BMW and Mercedes-Benz Say Nein
12:19 AM
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