Around 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 you for your outstanding commitment and personal commitment,” said Sabine Kohleisen (58), director 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 (60). 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 A spokeswoman said that the previous premium cap of EUR 6,465 was no longer valid.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. In the third quarter, the group was able to double its profit compared to the same period last year to almost four billion euros. In the same period, Mercedes-Benz increased group sales from continuing operations by 19 percent to 37.7 billion euros. The outlook for the year as a whole was raised again.
The driver of the better prospects is good sales of expensive cars. CEO Ola Källenius (53) wants the group trim much more towards luxuryto drive up the yield.