Daimler to Pay One-Time Bonus to 130,000 Employees
February 11 2020 - 2:55AM
Dow Jones News
By Cristina Roca
Daimler AG (DAI.XE) said Tuesday that it will pay its employees
up to 597 euros ($652.89) as part of a profit-sharing plan, and pay
a one-time recognition bonus of EUR500.
Daimler has had a profit-sharing program for employees since
1997.
The past year was challenging, and Daimler wants to recognize
its employees' efforts with an additional bonus, the car maker
said.
The maker of Mercedes-Benz said the bonus applies to about
130,000 nonmanagerial employees in Germany.
Separately on Tuesday, Daimler reported a swing to a
fourth-quarter loss.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
February 11, 2020 02:40 ET (07:40 GMT)
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