In celebration of its 125th anniversary , Daimler AG will be paying out 125 million euros, or $170 million to its 260,000 employees around the globe. The payout will be based on time of service with employees working with the company for at least a year being eligible. The average payout will be around $1,370 per worker.
Carl Benz, who is credited with creating the world’s first combustion engine-powered vehicle filed his patent on Jan. 29, 1886. Although his name was removed from the company’s name when it merged with Chrysler, it remains in the Mercedes-Benz brand.
Separately, the company has agreed with its employee council to pay $4,315 bonuses to workers in Germany to reflect a successful 2010.
-By: Stephen Calogera
Source: Detroit News