Daimler Announces Higher Employee Bonus Following Strong 2017 Earnings

02/01/18 05:07 AM EST
   By Max Bernhard 
 

Daimler AG (DAI.XE) said Thursday it would pays some employees a bonus of up to 5,700 euros following good 2017 results.

The maker of Mercedes-Benz cars said it would pay the profit-sharing bonus to around 130,000 of its employees in Germany as part of a profit-sharing scheme established in 1997.

The calculation of the bonus being paid to eligible employees is regulated under the terms of an agreement with the company's general works council, Daimler said. Last year's bonus had been EUR5,400, it said.

 

Write to Max Bernhard at Max.Bernhard@dowjones.com; @mxbernhard

 

(END) Dow Jones Newswires

February 01, 2018 05:07 ET (10:07 GMT)

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