Slightly lower than last year's €5,650 bonus.

2016 was the most successful year ever in terms of sales for the Mercedes-Benz brand after managing to deliver a total of 2,083,888 cars, representing a significant increase of 11.3 percent compared to 2015. At the same time, the company with the three-pointed star logo outshined its archrival BMW, which sold 2,003,359 vehicles in 2016. To celebrate this achievement, Daimler has decided to reward approximately 130,000 of its employees in Germany by handing out a bonus of up to €5,400 with their upcoming April pay.

It’s part of the profit-sharing scheme implemented by Daimler for the first time back in 1997. The bonus is calculated on a formula that links the group’s profit (before interest and taxes) with the return on sales. Because last year’s operating profit of €12.9 billion was slightly lower than the €13.2B registered in 2015, the bonus is a tad smaller compared to the €5,650 received in 2016. Daimler points out that even though it’s marginally lower; it’s still the second-highest bonus in the company’s history.

Mercedes-Benz’ most successful model in 2016 was once again the C-Class after racking up around 425,000 sales. The biggest market for the car last year was China where the company locally produces and sells a long-wheelbase derivative of the C-Class Sedan.

Mercedes-AMG had an amazing 2016 after sales jumped by a whopping 44.1 percent to 99,325 cars, while the Smart brand also performed last year after selling 144,479 units (up by 21 percent). In total, Mercedes and Smart delivered 2,228,367 passenger cars last year, which represents an increase of 11.9 percent over 2015.

Speaking about the group’s performances in 2016, Michael Brecht, Chairman of the General Works Council at Daimler AG, said the following:

“Throughout the company the colleagues showed an incredible performance, as the company's figures clearly indicate. The reward for this great success for the workforce is well deserved. An important strategic aim of the General Works Council is achieved: The employees benefit from the year-end results and the gains in efficiency.”

Source: Mercedes-Benz

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Daimler rewards employees for successful business year 2016

  • Employees to receive profit-sharing bonus of 5.400 euros
  • Wilfried Porth, Member of the Board of Management of Daimler AG responsible for Human Resources and Director of Labor Relations, IT & Mercedes-Benz Vans: "Our employees are the key to our success and our performance in 2016. The bonus is our way of thanking our employees for their dedication and their outstanding performance."
  • Michael Brecht, Chairman of the General Works Council at Daimler AG: "Throughout the company the colleagues showed an incredible performance, as the company figures clearly indicate. The reward for this great success for the workforce is well deserved.”

Stuttgart - Under the company's profit-sharing scheme, Daimler employees receive up to 5.400 euros each for their contribution to the successful business year of 2016. This has been jointly agreed by the Board of Management and the General Works Council. The bonus applies to roughly 130,000 entitled tariff-scale employees in Germany, who will receive it with their April pay.

"Our employees are the key to our success and our performance in 2016. A committed and excellently trained workforce is essential to our long-term success as a company. The bonus is our way of thanking our employees for their dedication and their outstanding performance. Together, we achieved a lot", says Wilfried Porth, Member of the Board of Management of Daimler AG responsible for Human Resources and Director of Labor Relations, IT & Mercedes-Benz Vans.

Michael Brecht, Chairman of the General Works Council at Daimler AG, adds: "Throughout the company the colleagues showed an incredible performance, as the company's figures clearly indicate. The reward for this great success for the workforce is well deserved. An important strategic aim of the General Works Council is achieved: The employees benefit from the year-end results and the gains in efficiency."

A profit-sharing scheme for tariff-scale employees has been in place at Daimler since 1997. Calculation of the profit-sharing bonus at Daimler is regulated under the terms of an agreement with the General Works Council. The profit-sharing bonus is calculated on the basis of a formula which links the Group profit before interest and taxes (EBIT) with the return on sales. The Group operating profit of 12,9 billion euros for 2016 was lower than the corresponding figure of 13,2 billion euros for 2015. Therefore this year's profit-sharing bonus is consequently slightly lower than last year's bonus of 5.650 euros. It nevertheless represents the second-highest bonus in the company's history.