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Latest Mercedes-Benz News

Daimler Pays Record Bonuses To Its Germany Employees

Let it not be said that Mercedes-Benz is in the business of making excellent cars just to fill its company coffers. Owing to excellent sales last year, the Daimler board has decided to give a bonus of 4,100 Euros each to employees of Daimler AG in Germany. Employess entitled to the bonus include workers under collective wage-tariff agreements, apprentices and trainees, students from cooperative state universities and doctoral students. According to 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… Continue Reading »

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Daimler Declares Bonuses For 2010 Performance

Pegged to the fortunes of the company in which he is the chairman, Dieter Zetsche is a happy man nowadays, as his 2010 pay amounted to 8.7 million Euros. This is in more than double the Daimler chairman earned in 2009, which was “mere” €4.2 million. The spike in the Chairman’s pay was a result of a 4.8 million Euro bonus for 2010, compared to 689,000 Euros for 2009. These bonuses are dependent on company earnings before taxes, which hit €7.3 billion last year, benefitting from the worldwide rebound of sales of Mercedes cars and trucks. It was not only Herr Zetsche who got a hefty bonus. Total bonuses for… Continue Reading »

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