General Works Council and the Board of Management of Daimler AG have reached an agreement of upon the participation bonus for the year 2011, and so €4,100 is to be paid to each entitled employee at Daimler AG.
For 2011 Daimler set new records for unit sales, 2.1 million units, translating in €106.5 billion revenue, €8.8 billion EBIT and €6.0 billion net profit. This means the company will pay the highest participation bonus in the company’s history.
Wilfried Porth, Board of Management Member for Human Resources and Labor Relations Director of Daimler AG: “Daimler looks back on an excellent year. Our employees made the decisive contribution to that with their outstanding performance and maximum commitment. These exceptional efforts will be given special recognition with our performance participation bonus.”
The employees are to receive the bonus with the April 2012 salaries, and are included not only the employees from Daimler AG in Germany, but also students from cooperative state universities, doctoral students, trainees and apprentices.
Erich Klemm, Chairman of the General Works Council of Daimler AG: “Record earnings can only be achieved as a result of a record performance. For this reason, the General Works Council was in favor of an employee bonus also at a record level.
The employees showed maximum flexibility with high levels of overtime, Saturday shifts and night shifts, and worked hard to achieve those record figures. We regard the performance participation bonus as appropriate recognition by the company of those efforts.”